| Commentary

189 Permanent endowment

| Commentary

189 Permanent endowment

One of the distinguishing features of charitable trusts is that they may be established in perpetuity1. Once property has been settled on charitable trusts forever, it remains subject to those trusts and must be preserved indefinitely in some form. Where the property of a charity is subject to a restriction on how it may be expended in as much as only the income may be spent, or the capital may be applied only for limited purposes or in specified circumstances, that property is known as the charity’s ‘permanent endowment’. Under the Charities Act 2011, a

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