charitable trust

noun

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

charitable trust

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

Word History and Origins

Origin of charitable trust¹

First recorded in 1855–60

Example Sentences

Other trends highlighted by the review, which was funded by the abrdn Financial Fairness Trust - an independent charitable trust - included:

From BBC

Ms Clarkin added her family intended to establish a charitable trust to reflect her father's love of animals.

From BBC

She bought the building and set up a charitable trust to own and restore it before embarking on an effort to raise £10m, including £3.5m from heritage lottery funds.

From BBC

Understanding experiences like Mr Rose's is at the heart of the work done by YEF, a charitable trust formed in 2019 with a £200m Home Office endowment to help prevent youth violence.

From BBC

But Munger lost his billionaire status long ago as he steadily gave away his fortune, and roughly $1 billion of his stock went into a charitable trust in 2010 after his wife died.

From Seattle Times