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Legal trust with no beneficiaries
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
Purpose_trust
In English law, a purpose trust is a trust created for the fulfillment of a purpose, not for the benefit of a person. These are normally considered invalid
Purpose_trusts_in_English_law
Three-party fiduciary relationship
estate tax jurisdiction. Purpose trust: Or, more accurately, non-charitable purpose trust (all charitable trusts are purpose trusts). Generally, the law does
Trust_(law)
Neighborhood Trust in Philadelphia, USA
KCT nonprofit entity, which is also legally tethered to a perpetual purpose trust, was founded in September 2019 by four Philadelphia based organizations
Kensington_Corridor_Trust
Express trusts dedicated to charitable goals under English law
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
Charitable trusts in English law
Charitable_trusts_in_English_law
Association of persons without separate legal personality
considered trustees, to be held on trust for the purposes of the association in a private purpose trust. Purpose trusts are not permitted in English law
Unincorporated_association
American clothing retailer
of its voting stock, about 2% of total stock) to the Patagonia Purpose Trust, a trust overseen by the Chouinard family and advisors. Chouinard's stated
Patagonia,_Inc.
Creation and protection of asset funds
trusts, quistclose trusts, secret trusts, and some forms of purpose trusts have also been recognised as types of trusts. In an express trust, the "settlor"
English_trust_law
Type of legal entity in finance
investment trust (FASIT), a defunct entity used for securitization of any debt for asset-backed securities. An Irish Section 110 Special Purpose Vehicle
Special-purpose_entity
Trust to trace lent money
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
Quistclose trusts in English law
Quistclose_trusts_in_English_law
US manufacturer of rowing equipment and exercise machines
100% of Concept2 ownership was transferred to the Concept2 Perpetual Purpose Trust, which will endure in perpetuity. This model ensures the company will
Concept2
Group of people with shared interests or aims
private purpose trust. Many purpose trusts fail for want of a beneficiary and this may therefore result in the gift failing. However, some purpose trusts are
Voluntary_association
Trusts created where property is not properly disposed of
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
Resulting trusts in English law
Resulting_trusts_in_English_law
Topics referred to by the same term
from Snowflake, 2016 "Trust", by Jonas Brothers from Happiness Begins, 2019 "Trust", by Justin Bieber from Purpose, 2015 "Trust", English version title
Trust
Type of trust in U.S. law
More generally, Totten trusts are sometimes described as "Arrangements for deposit accounts."[citation needed] Purpose trust Carlson, Bob (2024-07-28)
Totten_trust
Systems thinking heuristic
The purpose of a system is what it does (POSIWID) is a heuristic in systems thinking coined by the British management consultant Stafford Beer, who stated
The purpose of a system is what it does
The_purpose_of_a_system_is_what_it_does
Tax avoidance scheme in the United States
the assets in the trust. The trust grows, but its "value" for estate tax purposes is "frozen" at the time of the transfer. If the trust grows substantially
Intentionally defective grantor trust
Intentionally_defective_grantor_trust
'trust property') on the trustees to manage for the benefit of a person, class or persons (the 'beneficiaries') or, occasionally, an abstract purpose.
Offshore_trust
Corporate ownership model
groups. Perpetual Purpose Trust: Unlike conventional trusts, a Perpetual Purpose Trust (PPT) is established to serve a specific purpose rather than individual
Steward-ownership
that the trust is for a purpose or object per se, but that there is no beneficiary or cestui que trust. The rule is so expressed in Lewin on Trusts, 16th
Re_Denley's_Trust_Deed
Law regulating a wealth-holding legal instrument
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
United_States_trust_law
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
Honorary_trust
Financial technology company
itBit to Paxos Trust Company. At the same time, the New York State Department of Financial Services granted Paxos a limited-purpose trust charter, making
Paxos_(company)
Doctrine concerning charitable trusts
an element of trusts law that deals with charitable trusts. The doctrine states that when such a trust has failed because its purposes are either impossible
Cy-près doctrine in English law
Cy-près_doctrine_in_English_law
2002 bible study book by Rick Warren
2007-01-22. "Ex-hostage: 'I wanted to gain his trust'". CNN. Retrieved 1 December 2012. "Rick Warren: The Purpose-Driven Pastor". NPR.org. NPR. Retrieved 1
The_Purpose_Driven_Life
Trust which is explicitly created and not inferred from the parties' conduct
may establish trusts or trust-like structures in jurisdictions which do not restrict non-charitable purpose trusts (e.g. Jersey trusts, Danish and US
Express_trust
Business license for virtual currency
but may instead proceed with virtual currency activities via limited purpose trust charters approved by the NYDFS. The regulations define virtual currency
BitLicense
Independent and local bakery/restaurant chain in Oregon and Washington
plans in May 2022 to create a perpetual purpose trust, a new type of corporate structure. As a purpose trust the bakery will no longer be owned by family
Grand_Central_Bakery
Form of trust created by the English law courts
Constructive trusts in English law are a form of trust created by the English law courts primarily where the defendant has dealt with property in an "unconscionable
Constructive trusts in English law
Constructive_trusts_in_English_law
British political advocacy group
core purpose". While Restore Trust's organisers have encouraged their supporters to join the National Trust/remain members, they criticise the Trust's work
Restore_Trust
Legal entity where the equity is owned by no-one
in Ireland), and has now been stopped in Ireland. The Non-Charitable Purpose Trust is emerging as a preferred option in some jurisdictions. The global
Orphan_structure
Irrevocable trust established for charitable purposes
A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization"
Charitable_trust
Judgement of the High Court of Australia
gift to an unincorporated body, concluding that gifts in trust "cannot be made to a purpose or to an object" except for charitable circumstances. At the
Leahy v Attorney-General (NSW)
Leahy_v_Attorney-General_(NSW)
1968 UK legal case
trust. First, Lord Wilberforce established that "the loan was made only so as to enable Rolls Razor Ltd to pay the dividend and for no other purpose"
Barclays Bank Ltd v Quistclose Investments Ltd
Barclays_Bank_Ltd_v_Quistclose_Investments_Ltd
on the basis that a trust for an abstract purpose, rather than for real people, could not be valid. Roxburgh J held that the trust failed because of the
Re_Astor's_Settlement_Trusts
UKHL 12 is a leading case in English trusts law. It provides authoritative rulings in the areas of Quistclose trusts and dishonest assistance. Twinsectra
Twinsectra_Ltd_v_Yardley
Person(s) entitled to the benefit of a trust arrangement
structures. With the exception of charitable trusts, and some specific anomalous non-charitable purpose trusts, all trusts are required to have ascertainable beneficiaries
Beneficiary_(trust)
Sociology concept
low-trust society is defined as one in which interpersonal trust is relatively low, and shared ethical values are lacking. Conversely, a high-trust society
High-trust and low-trust societies
High-trust_and_low-trust_societies
masses (and hunting foxes, until the Hunting Act 2004) no trusts can be made for purposes that are non-charitable. Mr Albert Endacott wrote in his will
Re_Endacott
British lawyer, publisher and TV host
the author of The Law and Taxation of Remuneration Trusts (Key Haven, 1997) and also the Purpose Trusts (1999, 2009 [2nd ed.]). Paul Baxendale-Walker was
Paul_Baxendale-Walker
Indian law regulating Trusts
controlled by the trust. This trust should have a clear definition of the following: Intention by the author to create the trust Purpose of the trust The beneficiary
Indian_Trusts_Act,_1882
Trust in which the assets are controlled by a third party and not the beneficiary
In trust law, a spendthrift trust is a trust that is created for the benefit of a person (often unable to control his/her spending) that gives an independent
Spendthrift_trust
Conservation organization
are legally structured and by the purposes for which they are organized and operated: A real estate investment trust is a fiduciary arrangement whereby
Land_trust
Trust in which the beneficiaries and their entitlements are not fixed
In the trust law of England, Australia, Canada, and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their
Discretionary_trust
Conservation organization
Conservation land trusts are nonprofit organizations that acquire and steward land or conservation easements for the purpose of achieving environmental
Conservation_land_trust
EU electronic identification regulation
Authentication and trust Services") is a European Union regulation with the stated purpose of governing "electronic identification and trust services for electronic
EIDAS
Person holding a position of trust to a beneficiary
government. A trust can be set up either to benefit particular persons or for any charitable purposes (but not generally for non-charitable purposes): typical
Trustee
Trust meant to last for multiple generations
A dynasty trust (also perpetual trust or generation-skipping trust) is an irrevocable trust established with the intention of spanning multiple generations
Dynasty_trust
1985 treaty on international trust law
control of a trustee for the benefit of a beneficiary or for a specified purpose. A trust has the following characteristics: (a) the assets constitute a separate
Hague_Trust_Convention
Elements of the English law of trusts
Discretionary trusts and powers in English law are elements of the English law of trusts, specifically of express trusts. Express trusts are trusts expressly
Discretionary trusts and powers in English law
Discretionary_trusts_and_powers_in_English_law
The creation of express trusts in English law must involve four elements for the trust to be valid: capacity, certainty, constitution and formality. Capacity
Creation of express trusts in English law
Creation_of_express_trusts_in_English_law
Landmark case decided in 2011 by the Court of Appeal of Singapore
which the apex court considered the issue of a breach of a charitable purpose trusts when a religious charity is alleged to have deviated from the fundamental
Khoo Jeffrey and others v Life Bible-Presbyterian Church and others
Khoo_Jeffrey_and_others_v_Life_Bible-Presbyterian_Church_and_others
Taiwan-based financial institution
banking, telephone banking and mobile banking), financial trusts, including specific purpose trust funds investing in domestic and foreign securities, investments
Chang_Hwa_Bank
Conservation organisation in England, Wales and Northern Ireland
The National Trust (Welsh: Ymddiriedolaeth Genedlaethol) is a heritage and nature conservation charity and membership organisation in the United Kingdom
National_Trust
Court amendment of a legal document
Amendment, nullifying the express purpose of the trust. Some of Jackson's family members attempted to dissolve the trust in order to collect its proceeds
Cy-près_doctrine
United Kingdom young persons charity
The King's Trust (formerly the Prince's Trust) is a United Kingdom-based charity founded in 1976 by King Charles III (then Prince of Wales) to help vulnerable
King's_Trust
Digital currency exchange and custodian
private keys and password-protected environments. Gemini holds a Limited Purpose Trust Charter from the New York Department of Financial Services, granted
Gemini (cryptocurrency exchange)
Gemini_(cryptocurrency_exchange)
TSX: PSA - Purpose High Interest Savings ETF NEO: MJJ - Purpose Marijuana Opportunities Fund TSX: PSU.U - Purpose US Cash ETF TSX: BND - Purpose Global Bond
List of Canadian exchange-traded funds
List_of_Canadian_exchange-traded_funds
Trust that comes into force after death
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
Secret_trusts_in_English_law
Business group designed to reduce competition in a market
There may, of course, be illegal trusts; but a trust in and by itself is not illegal: when resorted to for a proper purpose, it has been for centuries enforced
Trust_(business)
United Kingdom charitable organization
The Guardian. "Brandon Trust: 30 Years of History". Brandon Trust. 2024. Retrieved 10 March 2026. "Our Purpose". Brandon Trust. Retrieved 10 March 2026
Brandon_Trust
British legal case
[1978] EWCA Civ 3 is an English trusts law case, concerning the construction of a trust to benefit people, rather than a purpose. Mr. Patrick Osoba had left
Re_Osoba
American business structure
A Delaware statutory trust (DST) is a legally recognized trust that is set up for the purpose of business, but not necessarily in the U.S. state of Delaware
Delaware_statutory_trust
control a SPA trust offers over the assets protected within the trust. The purpose of a SPA Trust is to protect assets from a person's potential future liabilities
SPA_Trust
British charity
Common Purpose is a British-founded charity that runs leadership-development programmes around the world. Common Purpose UK is a subsidiary of Common
Common_Purpose_UK
overarching all of this is trust, which is marked by the intentional choice to rely on another individual for an underlying purpose, despite drawbacks- a factor
Biology_of_trust
Trust with complete autonomy of trustees
A blind trust is a trust in which the beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling. In a blind
Blind_trust
Form of legal trust
in possession trust is a trust in which at least one beneficiary has the right to receive the income generated by the trust (if trust funds are invested)
Interest_in_possession_trust
Administrating entity of Michael Jackson's property
the death of American singer Michael Jackson on June 25, 2009, for the purpose of administering his property and overseeing his posthumous income. Jackson's
Estate_of_Michael_Jackson
Neighborhood in Pennsylvania, US
Kensington Corridor Trust (KCT) - utilizes a neighborhood trust model consisting of a 501(c)(3) nonprofit and a perpetual purpose trust which are each governed
Kensington,_Philadelphia
Living memorials to Winston Churchill
Winston Churchill Memorial Trusts (WCMT) are three independent but related living memorials to Sir Winston Churchill, based in the United Kingdom, Australia
Winston Churchill Memorial Trusts
Winston_Churchill_Memorial_Trusts
trustee of the trust and the type of property subject to the trust will vary depending on the purpose of the employee trust. Many employee trusts are discretionary
Employee_trust
the estate was to be kept intact as endowment capital on trust for the Labour Party's purposes, and therefore was void for infringing the beneficiary principle
Re_Grant's_Will_Trusts
UK charitable organisation
The A1 Steam Locomotive Trust is a Darlington, England based charitable trust formed in 1990 for the primary purpose of completing the next stage of the
A1_Steam_Locomotive_Trust
Former British charity for spiritual education
The Wrekin Trust was a charity (Charity number: 262303) founded by Sir George Trevelyan in 1971, under the active encouragement of Air Marshal Victor
Wrekin_Trust
American nonprofit organization
Land Trust is a 501(c)(3) membership organization that holds land for conservation and educational purposes in the U.S. state of Oregon. The trust owns
Oregon_Women's_Land_Trust
Organization
According to its website, the organization has the following purposes: "The Bermuda National Trust is a charity, established in 1970 to preserve natural, architectural
Bermuda_National_Trust
Term in psychology and sociology
particular trust metric better than others, as each metric is designed to serve different purposes, e.g. provides certain classification scheme for trust metrics
Trust_metric
constructive trust. An express trust may be a public express trust such as one for a charitable purpose, or a private express trust with the private purpose. There
Australian_trust_law
American legal rule about trusts
states that a trust cannot be modified or terminated, even if all beneficiaries agree, if to do so would be contrary to a material purpose of the settlor
Claflin_doctrine
Norwegian food company
purpose of the foundation is to provide funding for culture, science and charity. The foundations operations span twenty countries. The Kavli Trust History
Kavli_Trust
Alternative weekly newspaper published in Eugene, Oregon
Eugene Weekly into a nonprofit organization or give ownership to a purpose trust. In July 2025, Young was extradited from Ohio to Lane County and arraigned
Eugene_Weekly
Independent charity in the United Kingdom
introduced the brand name Wordsworth Grasmere. The Wordsworth Trust's charitable purposes comprise preserving Dove Cottage and its environs, and advancing
Wordsworth_Trust
English Football League. Its original primary purpose (when it was known as the Football Grounds Improvement Trust) was to assist with the costs of implementing
Football_Trust
Type of legal trust
establish the creation of a trust. In South Africa, there's no doctrine of resulting trusts. The main remedy, if any trust purposes fail, would be as an unjust
Resulting_trust
British multinational mass media company
[l]ike all non-charitable trusts, and unlike limited companies, the Scott Trust has a finite lifespan. The core purpose of the Trust was enshrined in the constitution
Scott_Trust_Limited
Architectural conservation organisation in Ireland
The Follies Trust is an architectural conservation and preservation organisation established in 2006 with a focus on follies. The trust operates in both
The_Follies_Trust
Australian philanthropic and advocacy organization
charitable purpose is listed as advancing social or public welfare, with a specific focus on women and girls in the Victorian community. The Trust is governed
Victorian_Women's_Trust
Legal entity that develops securities
sells securities for the purpose of financing its operations. Issuers may be governments, corporations, or investment trusts. Issuers are legally responsible
Issuer
U.S. land trust
promote continuing interest in and the study of these matters. The purpose of the Trust is of general benefit to the citizens of the State, and it is charitable
Maryland_Environmental_Trust
Housing trust in Jamaica
NHT still serve a purpose?". Jamaica Gleaner. Retrieved 21 November 2025. Campbell, Edmund (22 April 2015). "National Housing Trust's $2 billion of investments
National_Housing_Trust
Jubilee Sailing Trust was a charitable organisation in the United Kingdom which operated the purpose-built three-masted barques STS Lord Nelson and SV
Jubilee_Sailing_Trust
Trust created by a will
A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified
Testamentary_trust
"QTIP trust" exists only for federal gift and estate tax purposes, and from a state law perspective, such a trust does not differ from any other trust except
QTIP_Trust
Irrevocable split interest trusts
Generally, if the grantor retains an interest in the trust, then for estate and gift tax valuation purposes, his retained interest is valued at zero. However
Qualified personal residence trust
Qualified_personal_residence_trust
Conservation charity in the United Kingdom
The Rare Breeds Survival Trust is a conservation charity whose purpose is to secure the continued existence and viability of the native farm animal genetic
Rare_Breeds_Survival_Trust
income tax law, gift tax law, estate tax law, as well as trust law. The purpose of an Ultra Trust is to reposition assets from a person's legal ownership
Ultra_trust
Trust which allows the beneficiary access to assets without legally owning them
In trust law, an asset-protection trust is any form of trust which provides for funds to be held on a discretionary basis. Such trusts are set up in an
Asset-protection_trust
being settled into trust. Bermuda (by statute) recognises the concept of non-charitable purpose trusts. Domestic trusts (that is, trusts settled by Bermudians
Law_of_Bermuda
40-48% owned by Aurora World Services by court order
Angie’s son, leads the bank with the same commitment to people and purpose. Union Bank &Trust is deeply rooted in its communities, supporting local nonprofits
Union_Bank_&_Trust_Company
PURPOSE TRUST
PURPOSE TRUST
Boy/Male
American, Arabic, Gujarati, Hindu, Indian, Kannada, Malayalam, Marathi, Muslim, Parsi, Sindhi, Telugu
Prowess; Will; Purpose; Wish; Desire; Object
Female
African
intention, life purpose, mind.
Girl/Female
Arabic, Australian, Muslim
Flower; Aspiration; Aim; Desire; Wish; Purpose
Girl/Female
Indian
Wish, Desire, Purpose, Use
Girl/Female
Muslim
Wish, Desire, Purpose, Use
Female
African
intention, life purpose, mind.
Boy/Male
Indian
Purpose; Happy; Bridge; Aim
Girl/Female
Latin
Firrn of purpose.
Girl/Female
Greek
Purple.
Surname or Lastname
English
English : metonymic occupational name for someone who made bags or purses or for an official in charge of expenditure, from Middle English purse (via Old English from Latin bursa).Scottish : variant of Purser.
Boy/Male
Hindu
For righteous task, Mission, Purpose
Girl/Female
Christian & English(British/American/Australian)
Intent in Purpose
Boy/Male
Spanish
Purple.
Girl/Female
Greek
Purple.
Boy/Male
Arabic, Muslim
Best Purpose
Girl/Female
Australian, Finnish, Swedish
Newcomer; Lustrous; Goal; Purpose
Boy/Male
Tamil
Siddharatha | ஸீதà¯à®¤à®¾à®°à®¤à®¾
For righteous task, Mission, Purpose
Siddharatha | ஸீதà¯à®¤à®¾à®°à®¤à®¾
Boy/Male
Hindu, Indian
For a Purpose
Boy/Male
Australian, Latin
Form of Aristotle; Excellence Purpose
Boy/Male
Indian, Telugu
Intention; Purpose; Aim
PURPOSE TRUST
PURPOSE TRUST
Boy/Male
Muslim/Islamic
Slave of the Compassionate
Girl/Female
Hindu
Hard worker to reach goal
Biblical
glorious; honorable
Boy/Male
Tamil
Tridib | தà¯à®°à®¿à®¤à®¿à®ª
Heaven
Boy/Male
Hindu, Indian
Marked; Another Name for Moon
Girl/Female
Anglo Saxon
A goddess.
Boy/Male
Greek
Son of Theseus.
Surname or Lastname
English
English : variant of Capel, also established in Ireland.
Girl/Female
Muslim
A narrator of Hadith
Boy/Male
Arabic, Muslim
Grown Up
PURPOSE TRUST
PURPOSE TRUST
PURPOSE TRUST
PURPOSE TRUST
PURPOSE TRUST
v. t.
To propose, as an aim, to one's self; to determine upon, as some end or object to be accomplished; to intend; to design; to resolve; -- often followed by an infinitive or dependent clause.
imp. & p. p.
of Purpose
v. t.
To require to exist or to be true; to imply by the laws of thought or of nature; as, purpose supposes foresight.
a.
Pertaining to, or composed of, prose; not in verse; as, prose composition.
v. t.
To make purple; to dye of purple or deep red color; as, hands purpled with blood.
pl.
of Purple
a.
Having or indicating purpose or design.
v. i.
To write prose.
adv.
With purpose or design; intentionally; with predetermination; designedly.
v. i.
To form or declare a purpose or intention; to lay a scheme; to design; as, man proposes, but God disposes.
n.
One who forms a purpose; one who intends.
n.
A counter or opposing purpose; hence, that which is inconsistent or contradictory.
n. & a.
Purple.
v.
To set before one's self or others as a purpose formed; hence, to purpose; to intend.
v. i.
To have a purpose or intention; to discourse.
v.
To offer for consideration, discussion, acceptance, or adoption; as, to propose terms of peace; to propose a question for discussion; to propose an alliance; to propose a person for office.
adv.
With deliberate purpose; purposely; by design.
n.
Cloth dyed a purple color, or a garment of such color; especially, a purple robe, worn as an emblem of rank or authority; specifically, the purple rode or mantle worn by Roman emperors as the emblem of imperial dignity; as, to put on the imperial purple.
adv.
In a purposed manner; according to purpose or design; purposely.
v. t.
To write in prose.