Introduction
When it comes to giving back to society, charitable trusts have been a popular way for individuals to make a difference. In India, the concept of charitable trusts has been prevalent for centuries, and it continues to be an essential part of our society. In this article, we will explore the meaning of charitable trust in Hindi and how it works.
What is a Charitable Trust?
A charitable trust is an organization that is set up to help people in need. It is a legal entity that is created for charitable purposes, and its primary objective is to make a positive impact on society. In Hindi, a charitable trust is known as “धर्मार्थ संस्था” (Dharmarth Sanstha). It can be established by an individual, group of individuals or a company.
How does a Charitable Trust Work?
A charitable trust works by collecting donations from people who want to contribute towards a specific cause. The trust then uses the funds collected to carry out its charitable activities. These activities can range from providing education, healthcare, and shelter to the underprivileged, to promoting art, culture, and heritage.
Types of Charitable Trusts
There are two types of charitable trusts – public and private. A public charitable trust is open to the public, and its primary objective is to benefit the public. On the other hand, a private charitable trust is established for the benefit of a specific group of people or a family.
Benefits of Charitable Trusts
Charitable trusts have several benefits, both for the donor and society. For the donor, it provides a sense of satisfaction and fulfillment that they are contributing to a good cause. For society, it helps in addressing social issues and improving the quality of life for underprivileged people.
Steps to Establish a Charitable Trust
If you want to establish a charitable trust, here are the steps you need to follow: – Decide on the purpose of the trust – Draft a trust deed – Register the trust with the Registrar of Societies – Obtain a PAN card and open a bank account for the trust – Start collecting donations and carry out charitable activities
Conclusion
Charitable trusts play an essential role in making a positive impact on society. It is a way for individuals to contribute towards a cause they believe in and help those in need. By establishing a charitable trust, you can make a difference in the lives of people and leave a lasting impact on society. So, go ahead and start your charitable journey today!
