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

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.

From Salon

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

From Los Angeles Times

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.

From Los Angeles Times

Bristol currently faces high demand for secondary places, and a brand new school for the Oasis charitable trust is being built alongside the Feeder Canal at Temple Quarter.

From BBC

Any deal would need the approval of the Hershey Trust Company, a charitable trust, that maintains voting control over the business.

From BBC