The boards of the Ratan Tata Endowment Foundation (RTEF) and the Ratan Tata Endowment Trust (RTET) which inherited the late industrialist’s shares in Tata companies are undergoing restructuring. According to a report in TOI Ratan Tata’s half-siblings—Shireen Jejeebhoy Deanne Jejeebhoy and Noel Tata—are set to join as trustees signaling that the family will retain a level of influence over his stake in Tata Group companies. Noel Tata is getting ready to become a trustee showing that the family will still have some control over his shares in Tata Group companies. Industrialist-philanthropist Ratan Tata Ratan Tata passed away on October 9 at the age of 86. He was the Chairman of Ratan Tata Trust and Dorabji Tata Trust two of the largest private-sector-promoted philanthropic trusts in India. He was honoured with the countrys second-highest civilian award the Padma Vibhushan in 2008. Later in October 2024 Tata Trusts in an official statement confirmed the appointment of Noel Naval Tata as its new chairman after the demise of Ratan Tata who served as esteemed chairman of Tata Group for decades and Chairman of the trust. RTEF and RTET were created a few years before Ratan Tatas passing in October 2024 to oversee his financial investments. Ratan Tata owned 0.83% of Tata Sons the holding company of the group. He also owned stakes in Tata Digital Tata Motors and Tata Technologies. These shares have been willed to RTEF. He also held considerable investments in startups which will either be sold with proceeds going to RTET or transferred directly to the trust. His estate is estimated to be over Rs 10000 crore. RTEF is a non-profit company and RTET is run under the Indian Trusts Act. Both work to support education healthcare and help people in need. They carry forward the causes Ratan Tata cared about and the charity work he funded. The two trusts will also have voting rights based on their shares in Tata Group companies. The number of trustees will increase from two to six for RTEF and seven for RTET. According to the TOI report Tata Sons chairman N Chandrasekaran is likely to take on the role of managing trustee for both making him a key advisor. However since Tata Sons rules prevent its chairman from leading any Tata Trust he cannot head either organization.