charitable trust


Definitions of charitable trust


(US) a charitable trust is de­scribed in the US Internal Revenue Code section 4947(a)(1) as a trust that is not tax exempt, all of the unexpired interests of which are devoted to one or more charitable purposes, and for which a charitable contribu­tion deduction was allowed under a specific sec­tion of the Internal Revenue Code

A charitable trust is treated as a private foundation unless it meets the requirements for one of the exclu­sions that classifies it as a public charity.


a trust (=a legal arrangement to control money or property for a person or an organization) that provides money for a particular charity

They have set up a charitable trust to help children in need.