The Board of Trustees shall have the authority to hire and appoint its officials and employees, receive donations and grants for and on its behalf, and generate revenues for the benefit of the Commission.

Pursuant to Republic Act no. 10368, the power and functions of the Commission shall be assumed by the Board of Trustees which shall be composed of the following:

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Rene R. Escalante
CHAIR OF THE NATIONAL HISTORICAL COMMISSION OF THE PHILIPPINES
Leonor Briones
SECRETARY OF THE DEPARTMENT OF EDUCATION
Prospero E. De Vera III
CHAIR OF THE COMMISSION ON HIGHER EDUCATION
Arsenio J. Lizaso
CHAIR OF THE NATIONAL COMMISSION FOR CULTURE AND THE ARTS
Elvira B. Lapuz
UNIVERSITY LIBRARIAN, UNIVERSITY OF THE PHILIPPINES DILIMAN