we could i dunno, keep it factual, rather than resorting to insults?
In NZ, A charitable trust is a way to hold and protect assets (money, property, etc) for charitable purposes. The trust’s assets are managed according to the purpose set out in a trust deed, or an agreed set of rules.
In NZ, A charitable trust is a way to hold and protect assets (money, property, etc) for charitable purposes. The trust’s assets are managed according to the purpose set out in a trust deed, or an agreed set of rules.
A charitable trust, or an existing society (with a charitable purpose), can apply to us to be incorporated as a board under the Charitable Trusts Act 1957.
To do this, a charitable trust or society must exist principally or exclusively for the following reasons:
- the promotion of education
- the promotion of religion
- the relief of poverty
- other purposes of benefit to the community.
What it is not is a vehicle for profit, for the asset owners.