Charitable Trust (Noun)
Meaning
A trust created for charitable or religious or educational or scientific purposes.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The wealthy businessman set up a charitable trust to manage his various philanthropic endeavors.
- The university received a large donation to establish a charitable trust in support of medical research.
- The will stated that the estate would be used to create a charitable trust for underprivileged children.
- The community center was established as a charitable trust to provide after-school programs for local youth.
- The tech mogul's charitable trust has donated millions to disaster relief efforts around the world.