A Charitable Trust is a legal arrangement set up to manage and distribute assets for philanthropic purposes. Its main goal is to support activities that benefit the public,
such as education, healthcare, or poverty alleviation. The trust is governed by the Indian Trusts Act of 1882 and must operate in accordance with the objectives outlined in its trust deed. To establish a Charitable Trust, you need to draft a trust deed specifying the charitable purposes, appoint trustees, and register the trust with the relevant authorities.
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Trust Name: The official name of the Charitable Trust.
Trust Deed: A document outlining the trust's objectives, purposes, operational rules, terms and conditions and other important information.
Trustee Details: Information about the individuals or entities responsible for managing the trust.
Beneficiary Information: Details about the target beneficiaries or groups that the trust aims to support.
Asset List: A description of the assets and property donated or allocated to the trust.
Charitable Objectives: Clear statements about the charitable activities and goals the trust will pursue.
Management Rules: Guidelines on how the trust will be managed and how funds will be used or distributed.
Legal Recognition: Gives the trust official legal status, so it can operate as a recognized entity.
Increased Credibility: Improves the trust’s reputation, making it more likely to get donations and support from people and organizations.
Access to Grants: Makes the trust eligible for government and private grants or funding.
Legal Protection: Protects the trust’s assets from personal debts and ensures they are used only for charitable goals.
Operational Clarity: Clearly states the trust’s goals, management rules, and details about beneficiaries, making its operations effective and transparent.
Trust Deed: Write a trust deed that describes the trust’s charitable goals, management rules, and how it will operate.
Trust Name: Pick and state the official name of the Charitable Trust.
Trustee Details: Give the names and addresses of the trustees who will manage the trust.
Identity Proof: Submit identity proof for the trust’s founders and trustees, like Aadhar cards or passports.
Address Proof: Provide proof of the trust’s registered office address.
Photographs: Passport Size Photographs of the Settlor and Trustees
NOC: If the trust is rented the NOC would be required from the landlord.
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Trust Deed Preparation
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A Charitable Trust is a legal setup where assets are managed and given out for charitable purposes as stated in the trust document. It supports one or more charities or causes.
Benefits include supporting charitable causes, making sure assets are used for your charitable goals, and having a lasting impact on the causes or organizations you choose.
The process includes setting your charitable goals, writing the trust document with clear terms, transferring assets into the trust, appointing trustees, and other important things.
You can reach out to us at support@legalverifier.com. Our team will assist you with any queries or issues you may have.
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