Charitable trusts are set up to hold money or assets and carry out activities for the benefit of the community. They can be formed for the purpose of:
- Promoting education
- Poverty relief
- Promoting religion
- Miscellaneous benefit to the community
A charitable trust, as registered by the Charities Commission, gains tax exemptions when approved by the IRD.
At Jolly Duncan & Wells Limited we understand the practicality of charitable trusts. Our experience in this area enables us to assist you with setting up a trust and using the trust in the most effective way to reach your charitable goals.