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451Trusts & Trustees, Vol. 18, No. 6, July 2012, pp. 451462Editorial Purposeful trusts and foundations? Johanna Nigel×Welcome to Private Foundations 2012, which is already in its eighth year! As
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Purposeful trusts and foundations are established for philanthropic, charitable, or other specific purposes to benefit society or a particular cause.
Purposeful trusts and foundations are typically required to be filed by organizations that operate for charitable or philanthropic purposes.
Purposeful trusts and foundations must be filled out following the specific guidelines and requirements set by the relevant authorities or regulatory bodies.
The purpose of purposeful trusts and foundations is to support charitable causes, projects, or initiatives that benefit society or address specific issues.
Information such as financial statements, activities, beneficiaries, and purpose of the trust or foundation must be reported on purposeful trusts and foundations.
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