The Livingston Community Trust was formed in the spring of 1986, organized by a small group of Park County residents and endowed initially by a donation from the Burlington Northern Foundation and the Burlington Northern Railroad.

It is a private, non-profit corporation managed by a nine-member board of directors, all of whom are full-time residents of Park County, Montana. The directors meet, as business requires, to conduct the business of the Community Trust - primarily the funding of local projects worthy of community support.