1. Definition of a Trust

A Trust is a legal arrangement where a trustee manages property or funds for the benefit of beneficiaries to achieve specific charitable or social objectives.

• Trustee manages funds/property
• For benefit of beneficiaries
• For social/charitable objectives

2. Trusts under Bharat Vikas Parishad

These are separate legal entities created to carry out specific service (Seva) activities aligned with Parishad objectives.

• Operate under Parishad guidance
• Have independent legal identity
• Maintain separate financial structure

3. Purpose of Creating Trusts

• Manage large-scale service projects
• Handle donations and grants
• Ensure transparency and compliance
• Enable tax benefits (12A, 80G, CSR)
• Run institutions (Hospitals, Schools, Rehab centers)

4. Key Features

5. Structure of a Trust

• Settlor – Creator of trust
• Trustees – Manage operations
• Beneficiaries – Public/community
• Trust Deed – Legal governing document

6. Activities Undertaken

• Healthcare services
• Education programs
• Social welfare initiatives
• Disability support
• Cultural programs

7. Trust vs Branch Comparison

8. Advantages

• Better financial management
• Easier CSR funding
• Strong legal framework
• Long-term sustainability

9. Compliance Requirements

• Trust registration
• PAN & bank account
• Income tax registration
• Annual audit
• Filing of returns

10. Summary

“Legally independent bodies created to implement focused service projects aligned with Parishad’s mission.”