ELI5: Explain Like I'm 5

Charitable trust

A charitable trust is a special type of trust that helps people who need help. It’s like a big jar of money that lots of people can contribute to. Then, the people in charge of the trust use the money to help people who are in need. They can use the money to pay for things like food, clothes, or medical bills. The folks who manage the trust make sure the money is being used to help people. It’s like a really big act of kindness!