Russell Trust Association
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The Russell Trust Association is the business name for the New Haven, Connecticut based Skull and Bones society, incorporated in 1856.
In 1943, by special act of the Connecticut state legislature, its trustees were granted an exemption from filing corporate reports with the Secretary of State, which is normally a requirement.
From 1978 onward, business of the Russell Trust Association was handled by its single trustee, Brown Brothers Harriman partner John B. Madden, Jr. Madden started with Brown Brothers Harriman in 1946, under senior partner Prescott Bush, George Herbert Walker Bush's father.
On its 2004 Form 990, the Russell Trust Association reported $3,205,143 in net assets.
The business and political network of the Skull and Bones is well detailed by Hoover Institution scholar Antony Sutton in the expose America's Secret Establishment. Social organizations connected to the Russell Trust covert activities network include Deer Island Club, which also operate as a corporation.
