The Trust for Governors Island, legally the Governors Island Corporation, is a nonprofit organization of the city government that is responsible for managing the redevelopment for the rest of the island. Its predecessor, the Governors Island Preservation and Education Corporation (GIPEC), was founded in 2003, when Governors Island was sold to the public. At the time, GIPEC was a partnership between the city and the state. In April 2010, the city entered an agreement to take full control of the island's development from the state of New York. GIPEC was then dissolved and superseded by the Trust for Governors Island. The Trust is charged with the planning, redevelopment, and ongoing operations of the of the island not included in the National Monument.