The Charles H. Farnsworth Trust was established to help older adults live independently and with dignity in their communities. Managed by U.S. Trust, funds are used to support low-income housing for older adults in Boston and supplement elder care activities in communities throughout Massachusetts. From 1983 to 2004, a portion of the funds was also used to support medical research relevant to the Trust's mission. During the 2005 -2007 grant cycles, the Farnsworth Trust supported the Aging Policy Research Fellowship Program to attract new researchers into the field of aging policy.
The Farnsworth Trust Scholars Program in Aging Policy Research supported established researchers and policy analysts in the 2008 grant cycle whose work informs future policy decisions at the local and state level that impact older adults in Massachusetts. The areas of interest of the program include housing, transportation, economic security, home-based services, education and health services.