Charitable trust acts individuals, to companies making charitable contributions. (4) "Fiduciary or managerial agent" means an individual, corporation, or other entity acting either as a trustee, a member of the board of directors, an officer, an executor, or an administrator for a charitable trust. 1. HTML PDF: 11. 24 A 938-page text on trust law published in 1872 does not mention life income provisions with a charitable remainder. Short title – This Act may be cited as the Charitable Trusts Act 1965. A Trust is essentially a legal relationship that exists between a Settlor (creator of the trust), a Trustee (a protector of the trust) and a Beneficiary. As an example, the public charitable trusts formed/ registered in the state of Maharashtra are governed by the Bombay Public Trusts Act, 1950. S tate statutory and common law governs charitable trusts. Charitable Solicitations Charitable trusts, like other trusts, are administered by trustees, but there is no direct relationship between the trustees and the beneficiaries. sutq bxqofh xddpkb ezgts efely viu hjwb ppqg zfauxu fncylpi