Governmental Trust Law and Legal Definition
Governmental trusts are types of charitable trusts which are established to provide a community with facilities ordinarily supplied by the government and to promote purposes that are sufficiently beneficial to the community so that properties can be perpetually devoted for those purposes. Examples of such facilities include public buildings, bridges, streets, parks, schools, and hospitals.
It can also refer to charitable trusts established for general governmental or municipal purposes, such as defraying the expenses of a governmental entity or paying the public debt.
