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Learn about charitable trusts
What is a charitable trust?
Setting up a charitable trust is a way you can leave a lasting legacy to a cause that means something to you - and it can last forever so that your generosity continues to benefit others long after you have gone.
What can a charitable trust do?
Charitable trusts are normally formed to undertake charitable activities and are less suitable for commercial activities. A charitable trust may make profits on their trading activities but the profits must be used for their charitable purposes and cannot be distributed to members.
What are the advantages of becoming incorporated?
It is not compulsory to incorporate as a board. There are, however, advantages to becoming incorporated.
What are the differences between incorporation of trustees as a board or of a society as a board?
The Charitable Trusts Act 1957 has different procedures for trustees who apply and for members of a society who apply to incorporate as a charitable trust board.
