Betekenis van:
charitable trust

charitable trust
Zelfstandig naamwoord
    • a trust created for charitable or religious or educational or scientific purposes

    Synoniemen

    Hyperoniemen


    Voorbeeldzinnen

    1. The Charitable Trust is the trust fund of the SIC that grants loans for charitable purposes.
    2. As a commercial limited company wholly owned by the Charitable Trust, SLAP obtains the funding for its activities from the Charitable Trust and from its own profits.
    3. The Shetland Islands Council (SIC), a public authority in Shetland, set up two trusts, the Shetland Development Trust (Development Trust) and the Shetland Islands Council Charitable Trust (Charitable Trust).
    4. The trustees of the Charitable Trust are the councillors of SIC, plus two independent trustees.
    5. The funds of SLAP which have been used for the investment are derived from funding by the Charitable Trust.
    6. The funding of both the Charitable Trust and the Development Trust is derived from a reserve fund set up by the SIC.
    7. The Charitable Trust was created by the SIC to receive and hold, on behalf of the Shetland community, disturbance receipts which the oil industry had agreed to pay.
    8. Just as in that case, the actions of SLAP were considered to be the actions of a private company, concerning private funding from the Shetland Islands Charitable Trust.
    9. In its decision mentioned above, the Commission also pointed out that the trustees of the Charitable Trust are the councillors of the SIC.
    10. For commercial and development activities the SIC has set up Shetland Leasing and Property Ltd (SLAP), which is a trading company with limited liability, operating for profit and wholly owned by Charitable Trust.
    11. In addition, given the circumstances and the specific features of the Shetland community, Shetland Seafish Ltd must have been aware of the loan scheme for the purchasing of fishing quotas and in particular the explanatory leaflet referred to in paragraph 68 of Decision 2003/612/EC, stating that the grants and loans from the Charitable Trust would be regarded as private contributions.
    12. Therefore, in the light of the Stardust case [5] and given the fact that the funds of SLAP are derived from public funding and that the public authority is able, directly or indirectly, to exercise a dominant influence over both the Charitable Trust and its funds, the decisions regarding those funds must be regarded as decisions imputable to the public authority and granted through State resources.