charitable trust

A charitable trust is a trust established for charitable purposes. Charities may take the form of charitable trusts, companies or unincorporated associations. In Commissioner for Special Purposes of Income Tax v Pemsel [1891] Lord Macnaghten identified four major categories of charitable purposes which could be extracted from the old Statute of Charitable Uses and that are recognized by the law of charities today:-The relief of povertyThe advancement of educationThe advancement of religionother purposes beneficial to the community
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Noun
1. a trust created for charitable or religious or educational or scientific purposes
(synonym) public trust
(hypernym) trust