Charity
/ˈtʃærɪti/
Definitions
- (n.) An organization established and operated for philanthropic purposes, typically exempt from taxation.
The charity raised funds to build a new community center.
- (n.) The voluntary giving of help, typically in the form of money, to those in need.
Donating to charity is encouraged for social welfare.
- (n.) A concept in equity law referring to a gift or trust established for a public or charitable purpose, recognized for special treatment.
The court upheld the validity of the charity trust.
Related terms
See also
Commentary
In legal contexts, charity often refers specifically to entities or trusts with recognized philanthropic purposes benefiting the public, warranting tax exemptions and distinct governance considerations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.