A charity (public) trust is the legal definition of an arrangement in which a settlor designates assets to the pursuit of a public goals and appoints a trustee to accomplish said goals. The Israeli trust law 1979 describes the orders of the law that will apply to such trusts and mandates a list of action that must be performed by a trustee of a charity trust in Israel.
In this article I explain the definition of a charity (public) trust, the conduct of a charity trust and the main duties of trustees in such trust.
A short version of this article “The Israeli public trust” was published in STEP journal issue 1, February 2020.