The Board of Trustees is authorized to have up to fifty members who are responsible for and are the final authority on all aspects of the University's operations. The specific functions of the Board of Trustees are reflected by the standing committees of the Board: Academic Affairs; Audit; Budget and Finance; Development; Executive; Honorary Degrees; Investment; Health Services; Nominating; Personnel, Compensation and Ethics; Physical Facilities; and Student Affairs.
The Board of Trustees selects the president of the University who is responsible solely to the Board. In addition to the members, the Board also includes four faculty and three student representatives. Ex officio members include the chair of the Fellows, the president of the National Women's Committee, and the president of the Alumni Association. The officers of the Board include the Chair, Vice-Chairs, Treasurer, and Secretary. The Board of Trustees began in 1947 with George Alpert as its first Chair. Prominent trustees have included Leonard Bernstein and Eleanor Roosevelt.