ABSTRACT
Charitable trusts are trusts which benefit charitable purposes rather than specific persons. Charitable trusts are a form of express trust, but they enjoy certain privileges not otherwise available with express trusts. The major advantage is that charitable trusts are exempt from many forms of taxation. Charitable trusts also form an exception to some rules governing express trusts, including: • the rule against purpose trusts; • the rule that trusts must have human beneficiaries; and • the rule against perpetuities.
