trustee
n. countablen. a person or member of a group who manages money or property for someone else. They are often chosen to look after a charity, a school, or a large sum of money to make sure it is used correctly.
n. an individual or member of a board given legal authority to manage assets or property for the benefit of a third party. This role carries a fiduciary duty to act in the best interests of the trust's beneficiaries.
The university board of trustees met to discuss the new budget.
After her father passed away, a professional trustee was appointed to manage the inheritance until she turned twenty-five.
The legal dispute centered on whether the trustee had breached their fiduciary duty by investing the charity's endowment in high-risk speculative ventures without proper oversight.
From trust + -ee.
Often used in the plural ('board of trustees') when referring to the governing body of an institution.