charitable trust

American  

noun

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

“MSFT is now off the hook from Musk’s claims around aiding and abetting OpenAI’s s charitable trust breakup if the judge rules in favor of the jury’s ruling,” Ives added.

From Barron's • May 18, 2026

In 2024, Musk accused OpenAI and Altman of unjust enrichment and breaching a charitable trust, according to his lawsuit filed in federal court in the Northern District of California.

From MarketWatch • May 18, 2026

Musk’s complaint accuses Altman of unjust enrichment and breaching a charitable trust.

From MarketWatch • Apr. 28, 2026

The lawsuit primarily focuses on a breach of charitable trust claim, alleging OpenAI misused assets intended for an open-source nonprofit.

From The Wall Street Journal • Apr. 27, 2026

It is probable, however, that every conveyance and lease has been taken without disclosing any charitable trust, for the purpose of preventing it from being void on the face of it.

From Evolution and Ethics by Huxley, Thomas Henry