Welcome to the official site of the Trust Fund for the People of the Republic of the Marshall Islands!

Trust Fund Origin and Purpose

Trust Fund Origin and Purpose

The Compact of Free Association Between the Government of the United States of America and the Government of the Republic of the Marshall Islands, as Amended (Amended Compact) — as codified in the Compact of Free Association Amendments Act of 2003 (U.S. Public Law 108-188, December 17, 2003) under Title Two: Economic Relations, Section 216 – provides for the establishment of a trust fund in accordance with the Trust Fund Agreement between the United States and the Republic of the Marshall Islands governments (the Original Parties). Sections 216 through 218 of the Amended Compact set forth the funding to be contributed by both governments to fiscal year 2023. The Trust Fund Agreement implements sections 216-218 of the Amended Compact and provides for, among other things, the establishment of a Trust Fund Committee to manage and administer the Trust Fund.

The Fund was incorporated as a non-profit corporation under the laws of the District of Columbia in April 2004. The Trust Fund Agreement is supported by a set of by-laws initially approved by the Committee on 19 August 2005. Resolutions are considered and approved periodically to improve the overall management and operations of the Fund, as determined by the Committee. The Investment Policy Statement provides the Fund’s main investment guidance.

As stated in Article 3 of the Trust Fund Agreement:

The Purpose of the Fund is to contribute to the economic advancement and long-term budgetary self-reliance of the Republic of the Marshall Islands by providing an annual source of revenue, after Fiscal Year 2023, for assistance in education, health care, the environment, public sector capacity building, private sector development, and public infrastructure described in Section 211 of the Compact, as amended, or other sectors as mutually agreed by the Original Parties, with priorities in education and health care.”

Latest News & Events

Trust Fund Committee Conducts Second Quarter Trust Fund Committee Meeting on March 22nd, 2018

 May 15th, 2018

The Trust Fund Committee of the Trust Fund for the People of the Republic of...

Read more

Fiscal Year 2018 Contributions Made to Date

 May 15th, 2018

The Trust Fund for the People of the Republic of the Marshall Islands received on...

Read more

Fiscal Year 2017 Annual Report Release and Audit Completed for the Trust Fund for the People of the Republic of the Marshall Islands

 May 15th, 2017

The Trust Fund Committee of the Trust Fund for the People of the Republic of...

Read more

Our Service providers

  • Investment Adviser & Custodian

  • Bookkeeper/Accountant

  • Auditor

Need more information? Contact us today. Contact Us