Charitable Purpose

BusinessDictionary

 

Advancement of athletic, educational, literary, public comfort, health, and safety, poverty reduction, religion, scientific knowledge, and other such objectives-without seeking private benefit, profit, or political power. Benevolent and philanthropic purposes are not necessarily charitable unless they are solely and exclusively for the benefit of public or a class or section of it.

 

 

 

 

FarlexFinancialDictionary

 

A charitable purpose is one designed to benefit, ameliorate, or uplift mankind mentally, morally, or physically. The relief of poverty, the improvement of government, and the advancement of religion, education, and health are some examples of charitable purposes. Trusts to prevent cruelty to animals, to erect a monument in honor of a famous historical figure, and to beautify a designated village are charitable purposes aimed, respectively, at fostering kindness to animals, patriotism, and community well-being.

 

 

 

 

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