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

In the months leading up to the trial, Musk’s initial 26 claims were whittled down to four: breach of charitable trust, promissory fraud, constructive fraud and unjust enrichment.

From The Wall Street Journal • Apr. 27, 2026

He rarely declined, if the object were a good one, taking the chair at a public meeting, or accepting a charitable trust.

From Yesterdays with Authors by Fields, James T.