How should a labor organization determine the value of its ownership interest in a trust such as a training fund?
A. The value of an ownership interest is not a matter that can be determined under the LMRDA. Labor organization officers will have discretion to determine the value of their organizations’ ownership interest in trusts. The union’s ownership interest in a trust which is an investment must be reported in Schedule 5 and the union’s ownership interest in a trust of a non-investment nature must be reported in Schedule 7.
