Charitable Endowments Act

The Charitable Endowments Act is a legal framework that governs how charitable trusts and endowments are established, managed, and used. Its purpose is to ensure that these funds are preserved and used solely for their intended charitable purposes, such as education, healthcare, or community development. The Act sets out rules for the proper administration of endowments, including oversight by authorities, reporting requirements, and mechanisms to prevent misuse or mismanagement. Overall, it aims to protect the interests of donors, beneficiaries, and the public by maintaining transparency and accountability in charitable endowments.