private trust

American  

noun

1. a trust designed for the benefit of a designated or known individual (opposed to charitable trust).

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Example Sentences

The funds, raised by a private trust, includes $24m for a housing fund and $60m for a cultural preservation fund focused on "reducing blight".

From BBC • Jun. 2, 2025

Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States.

From Reuters • Jun. 16, 2023

“Keep it in the family,” Frontier Administrative Services in Jackson posted on its website, which noted that it serves dozens of private trust companies.

From Seattle Times • Dec. 20, 2021

The Pritzkers of Hyatt hotel fame and the heirs to the Wrigley chewing-gum fortune both opened private trust companies in the state’s largest city, Sioux Falls.

From Washington Post • Oct. 7, 2021

If you regard it as a private trust to be used for the highest good of mankind, then well and good, these will come to you.

From What All The World's A-Seeking The Vital Law of True Life, True Greatness Power and Happiness by Trine, Ralph Waldo