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(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
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|Noun||1.||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"