charitable trust
- A type of trusting relationship where a person, known as the grantor, sets aside a considerable gift for a charity, often made during their life and usually irreversible, to also gain benefits from income and estate tax savings
- John established a charitable trust to support education in underprivileged areas.
- Upon early retirement, Helen created a charitable trust to funnel a part of her wealth to homelessness relief.
- A charitable trust was set up by the wealthy entrepreneur to assist environmental conservation efforts.
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