The Russell Trust Association is the business name for the New Haven, Connecticut-based Skull and Bones society, incorporated in 1856. The Russell Trust was incorporated by William Huntington Russell as its president, and Daniel Coit Gilman as its first treasurer. Gilman later went on to become president of the University of California, Berkeley and Johns Hopkins University before leaving to become the first president of the Carnegie Foundation. Gilman also served as one of the first board members of the Russell Sage Foundation.