A purpose trust is a type of
trust which has no
beneficiaries, but instead exists for advancing some non-
charitable purpose of some kind. In most jurisdictions, such trusts are not enforceable outside of certain limited and anomalous exceptions, but some countries have enacted legislation specifically to promote the use of non-charitable purpose trusts. Trusts for charitable purposes are also technically purpose trusts, but they are usually referred to simply as
charitable trusts. People referring to purpose trusts normally are usually taken to be referring to non-charitable purpose trusts.
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A trust created for an expressed purpose without any individually ascertained or ascertainable beneficiaries. A purpose trust is typically used in circumstances where the trust would not be exclusively charitable, but, wholly philanthropic.
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