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Trusts and charitable status.
Member rating: No Rating | Words: | Submitted: Tue Jun 20 2006
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For a trust to be charitable it must meet three requirements. Firstly, the gift must be for the purpose which falls 'within the spirit and intendment' of the Statute of Charitable Use 1601. Secondly, the trust must promote public benefit and thirdly, the purposes must be wholly and exclusively charitable. The first test is identified by Lord MacNaghten in which he stated that a trust will be charitable if its purpose is for either, the relief of poverty, the advancement of education, the advancement of religion or for other purposes which benefit the community. The first bequest made by Caesar is to leave £100 000 of his estate to Redbrick Council so they can build a sports club mainly for the benefit of younger and unemployed residents of the locality. In Re Sanders Wills Trust1 a similar trust for the provision of housing for the benefit of working class failed...
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