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

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Example Sentences

See Examples For:

charitable trust

“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

In the days before the trial, the more than 20 claims that Musk had leveled at Altman and his associates were whittled down to just two: breach of charitable trust and unjust enrichment.

From The Wall Street Journal ● May 16, 2026

Musk’s complaint accuses Altman of unjust enrichment and breaching a charitable trust.

From MarketWatch ● Apr. 28, 2026

Charity, Institutions.—To determine what is a charitable trust, devise, or gift, it is necessary to particularly bear in mind the most comprehensive definition of charity.

From The Clergyman's Hand-book of Law by Charles M. Scanlan

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