New Feoffees Committee

Members


  • George Markos, Chair
  • Tom Reardon (2019)
  • Ellen Rose (2018)


  • Greg Stevens, Treasurer (2018)
  • Joe Tragert, Secretary (2019)
  • Seth Ward, Alternate
For more information on the members of the Committee, you can review the members' biographies.
You can contact the committee by email.
Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes | View All Archived Agendas and Minutes Prior to 2013

About the Committee


Trust


Upon his death in 1660, William Paine bequeathed the 36 acres of Little Neck to a trust to benefit the school of Ipswich forever. On August 10, 2012, per a court settlement and trust administration order, the land of Little Neck was sold to cottage owners who had been land tenants. This sale converted the real estate assets to an investment trust and changed the trust governance. The beneficiary of the trust continues to be the Ipswich Public Schools.

New Name


The formal name of the newly reconstituted trust is ”Feoffees of the Grammar School in the Town of Ipswich Trust”. It is governed by seven “New Feoffees”: two community members appointed by each of the Board of Selectman, the Finance Committee and the School Committee,and a seventh appointed by the old Feoffees.The initial New Feoffees are Ipswich residents Tracy Filosa, George Markos, Tom Reardon, Greg Stevens, Joe Tragert, Peter Twining and Seth Ward.

Mission


The purpose is to support the Ipswich Public Schools. The educational uses of the distributed funds shall be determined by the Ipswich School Committee, for supplemental enrichment programs and uses that provide educational enhancement for Ipswich public school students.

The New Feoffees pledge to adhere to best practices for charitable trusts; to provide complete transparency to the citizens of Ipswich; and to be in open and regular communication with the School Committee, Board of Selectmen and Finance Committee. The group is committed to establishing and implementing prudent policies and procedures to grow the corpus, distribute funds, hire professional service providers and report to stakeholders.

The New Feoffees will operate to balance the interests of present and future generations of Ipswich school children, so that the trust fulfills Mr. Paine’s intent to support the schools in perpetuity.

Trust Performance Reports
View quarterly Trust Performance Reports

Settlement Agreement and Related Documents
View Settlement Agreement and related documents

Other Important Documents

Miscellaneous important documents