Philanthropy Impact

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Charitable trust

Glossary item: Charitable trust - Definition

A trust is an arrangement whereby a person or persons (the trustees) is made the nominal owner of property for the benefit of another person or group of people (the beneficiaries). Where the trust is charitable, the beneficiaries are not named and the purposes are public. The trust deed will specify either a wide group of people, any of whom can benefit, or a charitable purpose. See foundation.

 

This glossary item is tagged under:

  • Trusts & foundations