charitable trust


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charitable trust

n
(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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The Second Restatement of Trusts defines a charitable trust as "a 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." (22) Usually, a charitable trust arises by an inter vivos or testamentary transfer of property.
discriminatory charitable trust. The trust in Danforth provided for the
The court also ordered a status quo on the sub-ordinate court's property crock order to confiscate 4,200,000 katha of land bought in the name of Zia Charitable Trust and asked it to send it all case documents related with the case.
Founder of the Barrack Charitable Trust James Barrack said: "Since 2006, it has made a visible improvement in getting kids involved in sport and helping them become responsible citizens in their local communities.
Mark Williams of the Denis Law Legacy Trust added: "Thanks to the Barrack Charitable Trust we can look forward to working with over 1,000 children a year from areas of Aberdeen that need this support the most."
Abbie Vlahakis, of Birmingham's Millennium Point, said: "We are immensely proud of the quality and breadth of STEM-related projects that the Millennium Point Charitable Trust is able to support.
Wirral Clive Pointon, who heads up Chester-based Aaron and Partners' Wills, Trusts & Tax team, and is also a Trustee of the charitable trust, said: "The Sister Gwen Appleton Charitable Trust was established with a very clear remit to bring the positive influence of arts and culture to people living in the North West and North Wales; to nurture artistic creativity in students; and to inspire positive change in offenders, secure patients Clive Pointon, Tax team, and detainees by motivating them to participate in the arts.
The Isle of Anglesey Charitable Trust, worth over PS21m, administers the money received from Shell when the company closed its oil terminal near Amlwch.
PRC and the Kott Memorial Charitable Trust are invested in helping seniors remain independent as long as possible.
He said Lady Khama Charitable Trust had its footprints in other parts of the country where it helped people living with disabilities and the disadvantaged.

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