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

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

According to Julia Latchford, the family created the private trust company because it was the most cost-effective way to manage the trusts.

From Seattle Times • Oct. 5, 2021

Had they at least been doing all they could? he asked himself anxiously, vowing that no public campaign must or should distract him from a private trust much older than it, and no less sacred.

From The Case of Richard Meynell by Ward, Humphry, Mrs.