# Charitable Trust

**IRI:** https://folio.openlegalstandard.org/RCDgGcipeEwzEW6G3ttE9pY

## Labels

**Preferred Label:** Philanthropic Trust

**Alternative Labels:**

- Benevolent Trust
- Non-Profit Trust
- Public Trust

## Definition

A Charitable Trust is a legal arrangement where assets are held and managed by a trustee for charitable purposes, benefiting the public or a specific community. This trust operates under specific regulations to ensure that the trust's funds are used solely for the stated charitable objectives.

## Sub Class Of

- https://folio.openlegalstandard.org/R9KvzcwdZ3asqh9BPZRGWR7

## See Also

- https://folio.openlegalstandard.org/R8DxS7r88L9RGxTlMebfGWw

**Deprecated:** False