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KembaraXtra – Legal Terms – Non-Charitable Purpose Trust
A non-charitable purpose trust is a trust established for a purpose rather than for identifiable human beneficiaries, but which does not qualify as a charitable trust.
Because trust law generally requires identifiable beneficiaries who can enforce the trust, non-charitable purpose trusts are usually invalid unless they fall within limited recognized exceptions.
Examples of exceptional valid purpose trusts may include trusts for the maintenance of specific animals or the upkeep of graves and monuments.
Unlike charitable trusts, non-charitable purpose trusts do not receive special legal privileges or indefinite duration.
Their validity is therefore restricted by the general beneficiary principle in trust law.
A non-charitable purpose trust is a trust established for a purpose rather than for identifiable human beneficiaries, but which does not qualify as a charitable trust.
Because trust law generally requires identifiable beneficiaries who can enforce the trust, non-charitable purpose trusts are usually invalid unless they fall within limited recognized exceptions.
Examples of exceptional valid purpose trusts may include trusts for the maintenance of specific animals or the upkeep of graves and monuments.
Unlike charitable trusts, non-charitable purpose trusts do not receive special legal privileges or indefinite duration.
Their validity is therefore restricted by the general beneficiary principle in trust law.
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