A purpose trust is a type of trust which has no beneficiaries, but instead exists for advancing some non-charitable purpose of some kind. In most jurisdictions, such trusts are not enforceable outside of certain limited and anomalous exceptions, but some countries have enacted legislation specifically to promote the use of non-charitable purpose trusts. Trusts for charitable purposes are also technically purpose trusts, but they are usually referred to simply as charitable trusts. People referring to purpose trusts are usually taken to be referring to non-charitable purpose trusts.
Trusts which fail the test of charitable status usually fail as non-charitable purpose trusts,[1] although there are certain historical exceptions to this, and some countries have modified the law in this regard by statute. The court will not usually validate non-charitable purpose trusts which fail by treating them as a power. In IRC v Broadway Cottages Trust [1955] Ch 20 the English Court of Appeal held: "I am not at liberty to validate this trust by treating it as a power. A valid power is not to be spelled out of an invalid trust."
^See for example, Re Shaw [1957] 1 WLR 729, concerning the will of George Bernard Shaw - a provision to develop a new 40 letter alphabet was struck down as not being charitable, as defined by law, and the provision failed as a non-charitable purpose trust.
A purposetrust is a type of trust which has no beneficiaries, but instead exists for advancing some non-charitable purpose of some kind. In most jurisdictions...
In English law, a purposetrust is a trust created for the fulfillment of a purpose, not for the benefit of a person. These are normally considered invalid...
eponymous album "Trust", on The Cure's album Wish "Trust", on Justin Bieber's album Purpose "Trust", on L'Arc-en-Ciel's album Awake "Trust", on Neon Trees'...
Quistclose trust is a trust created where a creditor has lent money to a debtor for a particular purpose. If the debtor uses the money for any other purpose, then...
considered trustees, to be held on trust for the purposes of the association in a private purposetrust. Purposetrusts are not permitted in English law...
the National Trust AGM in an effort to restore the trust to what it sees as "its core purpose", and has criticised the National Trust's work on rewilding...
cannot keep the property if for any reason that purpose cannot be fulfilled. Automatic resulting trusts arise from a "gap" in the equitable title of property...
in other types of English trusts. To be a valid charitable trust, the organization must demonstrate both a charitable purpose and a public benefit. Applicable...
private purposetrust. Many purposetrusts fail for want of a beneficiary and this may therefore result in the gift failing. However, some purposetrusts are...
'trust property') on the trustees to manage for the benefit of a person, class or persons (the 'beneficiaries') or, occasionally, an abstract purpose....
honorary trust, under the law of trusts, is a device by which a person establishes a trust for which there is neither a charitable purpose, nor a private...
A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization"...
of interest, manage the trust's affairs with reasonable care and skill, and only act for purposes consistent with the trust's terms. Some of these duties...
The purpose of a system is what it does (POSIWID) is a systems thinking heuristic coined by Stafford Beer, who observed that there is "no point in claiming...
may establish trusts or trust-like structures in jurisdictions which do not restrict non-charitable purposetrusts (e.g. Jersey trusts, Danish and US...
In English law, secret trusts are a class of trust defined as an arrangement between a testator and a trustee, made to come into force after death, that...
itBit to Paxos Trust Company. At the same time, the New York State Department of Financial Services granted Paxos a limited-purposetrust charter, making...
private masses (and hunting foxes, till the Hunting Act 2004) no trusts can be made for purposes that are non-charitable. Mr Albert Endacott wrote in his will...
his trust'". CNN. Retrieved 1 December 2012. Saddleback Church (2012-10-15), Day 2 – What On Earth Am I Here For Pt. 1, retrieved 2018-10-16 "Purpose Driven...
the Board of Trade and on 12 January 1895, the Trust was registered under the Companies Act. Its purpose was to "promote the permanent preservation for...
for an unlawful purpose and benefits from it, a court might rule that the transferor has waived the right to claim a resulting trust. Courts in these...
are legally structured and by the purposes for which they are organized and operated: A real estate investment trust is a fiduciary arrangement whereby...
irrevocable trusts, the trust terminates when a trust "expires pursuant to its terms, no purpose of the trust remains to be achieved, or the purposes of the...
Global Information