Trust funds have come to have two meanings. In popular parlance trust funds refer to the entire corpus, or asset base, of a trust. In more technical jargon, trust funds relate to the actual cash available or paid to a trust beneficiary annually. Trust funds are typically managed by a trust company or trustee. They are obliged to use best efforts to increase the funds of the trust through wide investment. In many trusts, funds are not available to the beneficiary until a particular condition is met, for example turning eighteen years old.

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