charitable trust

American  

noun

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

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

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.

From BBC

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.

From BBC

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