Charitable Trust

Definition - What does Charitable Trust mean?

Charitable trust refers to a substantial pool of money or resources which are put into a trust. These resources are then specifically used for the benefit of general public or for a particular class of persons.

Justipedia explains Charitable Trust

Charitable trust can be explained as the transfer of property or money from one person to another with the understanding that the assets being transferred will be utilized in helping people. Charitable trusts are often given special privileges (on fulfilling certain requirements) by law like tax exemptions.

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