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Trust In Nonprofit Organizations

Decent Essays

Among all nonprofit organizations existing, including Public Charities, Foundations, Professional and Trade Organizations, Social Advocacy Organizations, the Trust as a nonprofit seems to be the most viable. Indeed, charitable trust is the first legal form of nonprofit organization (Hopkins, 2013). Its creation usually involves financial services and investment Management Company that stands as its pillar. In this form of nonprofit, the administrator uses trust to fulfill charity purposes. In this logic, we distinguish three types of charitable trusts, which are the charitable remainder, the pooled charitable trust and the charitable trust (Hopkins, 2013).
A charitable remainder trust is a binding trust that remunerates its employees and beneficiaries

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