charitable trust

noun

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

Word History and Origins

Origin of charitable trust¹

First recorded in 1855–60

Example Sentences

Mr Gascoigne and his wife Christina decided to hand over West Horsley Place – and its assets including outbuildings - to a charitable trust aimed at restoring the building and promoting the arts including performance and crafts.

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The unit at Birmingham Women's Hospital has been funded by a £1m donation from high street fashion entrepreneur George Davies through his charitable trust.

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If he failed to survive by 90 days, then she instructed her personal representative to establish a charitable trust “to achieve purposes beneficial to the community” consistent with the couple’s charitable preferences.

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The department maintains that the insurer is not subject to charitable trust rules as a nonprofit mutual benefit corporation.

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Gen. Nicole Kennedy, the lawyer in the state’s registry of charitable trusts who issued the order and also signed the July settlement, declined to comment.

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