What are Charitable Trusts?

 

A trust established and maintained solely to manage and direct funds for charitable purposes that benefit the public or a certain section of the public. Charitable trusts are divided into four categories: those that relieve poverty, those that promote education, those that advance religion, and others, which includes areas such as animal welfare. Charitable trusts enjoy significant tax advantages and must only use the income and capital for the purposes set out in the charity trust deed. Charitable trusts differ from non-charitable trusts in that they may be run in perpetuity.

 

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