charitable trust

American  

noun

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

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charitable trust British  

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

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Etymology

Origin of charitable trust

First recorded in 1855–60

Example Sentences

The board runs its own charitable trust, but Smith admits that with more ex-boxers than current ones, the finances are a struggle.

From BBC

The charitable trust owns 27 properties, a portfolio worth £5m, and manages other properties that are let through the organisation.

From BBC

The work of Leicester charitable trust Film is Fabulous!

From BBC

Warren Buffett has detailed a plan for nearly all his remaining wealth after his death to go to a new charitable trust overseen by his three children.

From The Wall Street Journal

"My preferred option has always been to move the theatre to a charitable trust, leaving the Sarah Thorne Theatre company to operate the site."

From BBC