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charitable trust

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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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
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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