charitable trust

charitable trust
One in which property held by a trustee must be used for charitable purposes (advancement of health, religion, etc.). Fiduciary relationship with respect to property arising as a result of a manifestation of an intention to create it, and subjecting the person by whom the property is held to equitable duties to deal with the property for a charitable purpose. Restatement, Second, Trusts, No. 348.

Black's law dictionary. . 1990.

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  • Charitable trust — Wills, trusts and estates …   Wikipedia

  • charitable trust — noun a trust created for charitable or religious or educational or scientific purposes • Syn: ↑public trust • Hypernyms: ↑trust * * * noun : a trust set up for the benefit of the public usually setting out a definite charitable purpose for an… …   Useful english dictionary

  • charitable trust — a trust designed for the benefit of the general public, as for educational or other charitable purposes (opposed to private trust). Also called public trust. [1855 60] * * * …   Universalium

  • charitable trust — A trust set up for a charitable purpose that is registered with the Charity Commission Charitable trusts do not have to pay income tax if they comply with the regulations of the Charity Commissioners …   Big dictionary of business and management

  • charitable trust — One in which property held by a trustee must be used for charitable purposes (advancement of health, religion, etc.). Fiduciary relationship with respect to property arising as a result of a manifestation of an intention to create it, and… …   Black's law dictionary

  • charitable trust — A trust for the benefit of an indefinite class of persons constituting some portion or class of the public or, more broadly defined, a trust limiting property to some public use; a gift in some manner dedicated to the ultimate benefit or… …   Ballentine's law dictionary

  • charitable trust — /tʃærətəbəl ˈtrʌst/ (say charuhtuhbuhl trust) noun a trust for the relief of poverty, the advancement of education, religion, or for other purposes beneficial to the community …  

  • Millennium Stadium Charitable Trust — Official logo of the Millennium Stadium Charitable Trust The Millennium Stadium Charitable Trust is a charitable trust based in Wales, which was establish 8 February 2001 and is registered with the Charity Commission. The Trust was established… …   Wikipedia

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