private trust

noun

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

Example Sentences

Unregulated private trust companies operate outside the supervision of the state and provide an even higher degree of secrecy.

From Washington Post

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 Project Gutenberg

The property was duly secured by a private trust in behalf of the nation.

From Project Gutenberg