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charitable trust

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noun
  1. a trust designed for the benefit of the general public, as for educational or other charitable purposes (opposed to private trust).

Origin of charitable trust

First recorded in 1855–60
Also called public trust.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
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