Are there still TRUST FUNDS?

[N/A N/A]

Hello all,

I was wondering if trust funds for real estate are still around? Like, back in the early 1990's my parents bought 80 acres of land in the middle of no-where (quite literally) kind of up by the Canadian border. They paid $4,600 for the 80 acres and bought it through a trust fund, the land was owned in massive amounts by some school or something like that. Well, today the land is worth about $130,000.

Do similar trust fund things like this still exist?