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2017 Word of the Year

charitable trust

noun
1.
a trust designed for the benefit of the general public, as for educational or other charitable purposes (opposed to private trust).
Also called public trust.
Origin of charitable trust
1855-1860
First recorded in 1855-60
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Examples from the Web for charitable trust
Historical Examples
  • He rarely declined, if the object were a good one, taking the chair at a public meeting, or accepting a charitable trust.

    Yesterdays with Authors James T. Fields
  • We are, therefore, driven to consider the full objects of the charitable trust under discussion.

British Dictionary definitions for charitable trust

charitable trust

noun
1.
a trust set up for the benefit of a charity that complies with the regulations of the Charity Commissioners to enable it to be exempt from paying income tax
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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