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Charitable Trust

A Charitable Trust is a trust arrangement whereby an individual, group or institution (settlor) transfers assets, whether liquid asset or real assets to a Trustee for the benefit of an identified class of persons or the general public who may or may not be direct beneficiaries of the settlor for charitable uses.

The general purpose of a charitable trust is aimed fundamentally at philanthropic/humanitarian objectives; catering to public needs, advancing good causes and or upgrading mankind in one way or the other.

Charitable Trusts have several benefits including being able to run in perpetuity as against the other types of trusts like a Living Trust or Testamentary Trust.

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