What is the difference between "Trust" and "Foundation" ?
Eg: I get to see boardings/displays like - 'Ramachandra Trust' and 'The Eye Foundation' or ' The Bone & Joint Foundation '..... ?
S.Prabhu Shankar (Business) 05 March 2009
What is the difference between "Trust" and "Foundation" ?
Eg: I get to see boardings/displays like - 'Ramachandra Trust' and 'The Eye Foundation' or ' The Bone & Joint Foundation '..... ?
N.K.Assumi (Advocate) 05 March 2009
Simply put, a trust is an obligation annexed to the ownership of property and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benifit of another, or of another and the owner. It may also be general character or of a private and individual character and it may be temproary or permanent character. whereas, Foundation may be an organization or an establishment funded by way of gifts of money for helping others for paying for research. Colleges etc.
RAKHI BUDHIRAJA ADVOCATE (LAWYER AT BUDHIRAJA & ASSOCIATES SUPREME COURT OF INDIA) 09 March 2009
I do agree with Mr. N.K. Assumi. He is absolutely right.
charulatha (lawyer) 31 May 2010
sir i do agree with your answer but can you help me with a template deed of foundation. I would like to know whether there is a seperate deed of foundation or can deed of trust be used to register a Foundation.
John Wilkin (Director) 20 March 2012
Dear sir/madam,
I would like to introduce myself iam not a lawyer as a profession but an educationalist .I undrestand that this particular forum will guide us from best of our country lawyers.Would like to know in regard to Trust,Society and Foundation which is better for an education organisation to start with.As we are planning to go with.. Kindly do the needful
Thanking you