Community trust
Term · Law · MLC-T-LAW-001110
A charitable organization established to receive and manage funds for the benefit of a specific geographic area or population. These trusts pool donations from multiple sources to support local initiatives and non-profit organizations. They are typically governed by a board of community leaders and operate under strict IRS regulations for public charities.
| Identifier | MLC-T-LAW-001110 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001110",
"term": "Community trust",
"field": "Law",
"definition": "A charitable organization established to receive and manage funds for the benefit of a specific geographic area or population. These trusts pool donations from multiple sources to support local initiatives and non-profit organizations. They are typically governed by a board of community leaders and operate under strict IRS regulations for public charities.",
"url": "https://mlchart.com/terminology/law/community-trust/"
}
Record 942 of 5,439 in Law terminology (MLC-0107). Request the full dataset.