charitable trust

American  

noun

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

---

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

---

Etymology

Origin of charitable trust

First recorded in 1855–60

Example Sentences

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

The AG’s office, which supervises charitable trusts and ensures these assets are used for public benefit, had been investigating OpenAI’s restructuring plan over the last year and a half.

From Los Angeles Times