charitable trust

Friendly

Certainly!

Definition:

A charitable trust is a special kind of trust that is set up to help with charitable, religious, educational, or scientific purposes. It is created to manage money or property to support good causes and help people in need.

Usage Instructions:

You can use the term "charitable trust" when discussing organizations or funds that aim to do good work in society. It is often mentioned in conversations about philanthropy, donations, and nonprofit organizations.

Example:

• "The local community center received a large donation from a charitable trust to build a new playground for children."

Advanced Usage:

In more advanced contexts, you might encounter the term in legal discussions about how these trusts are managed, who benefits from them, and the tax implications of donating to or setting up a charitable trust.

Word Variants:

• Charitable (adjective): Relating to the giving of help to those in need.
  • Example: "She has a charitable nature, always helping others."
• Trustee (noun): A person or organization that manages the trust.
  • Example: "The trustee of the charitable trust ensured the funds were used properly."

Different Meanings:

• Trust (in a general sense) can also mean confidence in someone or something.
  • Example: "I trust my friend to keep my secret."

Synonyms:

• Philanthropic trust
• Nonprofit trust
• Donation trust

Idioms:

While there aren't specific idioms that directly relate to "charitable trust," you might hear phrases like: - "Giving back to the community" - This means helping others, often through charitable actions.

Phrasal Verbs:

There aren't specific phrasal verbs tied to "charitable trust," but here are some related to charity and giving: - Give away: To donate something to help others. - Example: "They decided to give away part of their inheritance to a charitable trust." - Pitch in: To contribute or help out. - Example: "Everyone pitched in to support the charitable trust's fundraiser."

Summary:

A charitable trust is an important legal tool for helping others through financial support for various good causes.

Academic

Noun

1. a trust created for charitable or religious or educational or scientific purposes

Synonyms

• public trust