charitable trust

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charitable trust

n
(Social Welfare) a trust set up for the benefit of a charity that complies with the regulations of the Charity Commissioners to enable it to be exempt from paying income tax
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.charitable trust - a trust created for charitable or religious or educational or scientific purposes
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
References in classic literature ?
"Do you intend devoting it to charitable purposes, then?" pursued the notary.
Others have been curious to learn what portion of my income I devoted to charitable purposes; and some, who have large families, how many poor children I maintained.
Master Thomas was one of the many pious slaveholders who hold slaves for the very charitable purpose of taking care of them.
Yes, she did lay hands on me for that charitable purpose. They trembled.
The money was destined to a charitable purpose; and I have felt it my duty to pay it again."
But Rebecca was already busied in carrying her charitable purpose into effect, and listed not what he said, until Isaac, seizing the sleeve of her mantle, again exclaimed, in a hurried voice ``Beard of Aaron!
"Good evening, madam; I sent to you for a charitable purpose. I have forbidden Adele to talk to me about her presents, and she is bursting with repletion: have the goodness to serve her as auditress and interlocutrice; it will be one of the most benevolent acts you ever performed."
But St Helens Council does not grant permits to individuals or groups selling goods for charitable purposes.
Lei in turn has promised to donate the sum to "charitable purposes" once taxes have been deducted from the compensation package.
Under Ohio law, all real property "belonging to institutions that is used exclusively for charitable purposes shall be exempt from taxation." Any institution, whether charitable or not, may qualify for the exemption.
Film Independent will receive grants for the charitable purposes of Scars Unseen, provide oversight to ensure that grant funds are used in accordance with grant agreements, and provide reports as required by the grantor.

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