charitable trust

A trust created to benefit a specific charity, specific charities, or the general public rather than a private individual or entity.

• Charitable trusts are often eligible for favorable tax treatment.

— Also termed public trust; charitable use. See charitable deduction under DEDUCTION; CY PRES. Cf. private trust. [Cases: Charities 1; Internal Revenue 4048; Taxation 241.1(2), 876(1), 1022. C.J.S. Charities §§ 2–3; Taxation §§ 279, 329–333, 1713, 1876.]

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词条贡献者

资深译员王漾，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与税收策略及补贴有关的法律文件。