The Anzac Memorial is administered by a Board of Trustees appointed under the Anzac Memorial (Building) Act 1923. The Trustees are responsible for the management, maintenance and preservation of the Anzac Memorial as New South Wales’ principal war memorial.

The Trustees' vision is "To promote, maintain and enhance the Anzac Memorial as the State's principal commemorative and interpretive monument dedicated to the service and sacrifice of Australians in peace and war.

The Trustees' mission is " To maximise the Anzac Memorial's potential as a space for the veteran community, inform all visitors and to educate future generations."