TRUST SERVICES
Charitable Trust
A way to guarantee your wealth and generosity supports the causes you care about the most.
What is a charitable trust?
- A charitable trust (also called as a charity trust) is an irrevocable trust set up to support charitable causes.
- Unlike a private trust (which distributes money to specific people like your children), a charitable trust’s beneficiary must serve a public charitable purpose (e.g. advancing education, promoting public health, relieving poverty, preventing cruelty to animals, protecting the environment etc.).
SIMPLE CHARITABLE TRUST ARRANGEMENT
What are the benefits?
Tax deduction for donors
Donations to your trust can be deducted from tax assessments
Operational flexibility
No annual filings to the Companies Registry
Privacy and confidentiality
Trust deeds are private and not filed on public registries
Perpetuity
Charitable trusts can exist indefinitely and create a long-lasting legacy
Who should consider a charitable trust?
