charitable trust

Definition of "charitable trust"
  1. 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
How to use "charitable trust" in a sentence
  1. John established a charitable trust to support education in underprivileged areas.
  2. Upon early retirement, Helen created a charitable trust to funnel a part of her wealth to homelessness relief.
  3. A charitable trust was set up by the wealthy entrepreneur to assist environmental conservation efforts.

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