A charitable trust is an irrevocable trust established for charitable purposes, and is a more specific term than `charitable organization`. ==India== In India, trusts set up for the social causes and approved by the Income Tax Department, get not only exemption from payment of tax but also the donors to such trusts can deduct the amount of donat.....
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(from the article `income tax`) The justification for deduction of contributions to religious, charitable, educational, and cultural organizations is usually found in the ... American lawyer and politician who established the legality of charitable trusts in the United States....unless a contrary intention is stated in the will, or (3) ...
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A trust created for the purpose of providing charity, or educational, religious or social benefits,... <a target=_blank href='http://www.finance-glossary.com/terms/charitable-trust.htm?id=240&ginPtrCode=00000&PopupMode=false' title='Read full definition of charitable trust'>more</a>
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A trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor). These trusts are usually set up during the grantor's lifetime and are irrevocable. (See also: charitable lead trust, charitable remainder trust)
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[
n] - a trust created for charitable or religious or educational or scientific purposes
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public trust noun a trust created for charitable or religious or educational or scientific purposes
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a trust designed for the benefit of the general public, as for educational or other charitable purposes (opposed to private trust). Also called
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