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Charitable trust

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Charitable Trust A trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

 


Charitable trust: A trust whose assets and income shall benefit the general public, or a significant segment of the public.

charitable trust
charities
Total Return Unitrust (TRU) (insurance term) ...

Story, Joseph, Equity Jurisprudence, 1988, The Legal Classics Library, Birmingham, Alabama.
Duhaime, Lloyd, Duhaime on Trusts: Charitable Trusts
Mulheron, Rachael, The Modern Doctrine of Cy-près (London: University College London Press, 2006).

An honorary trust may be upheld as valid where allowed by statute providing that its purpose (as for the care of an animal or grave) is sufficiently clear. Unlike a charitable trust, however, ...

See also: Trust, State, Law, Estate, Court

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