Perpetual Purpose Trust – Platform Cooperativism Resource Library

Summary

A Perpetual Purpose Trust is a trust that’s created for a purpose (something) rather than for the benefit of a person (someone). Unlike most Purpose Trusts, which commonly have a 21 years span or end with the death of the grantor, a Perpetual Purpose Trust runs indefinitely. There are some time limitations if the trust owns property.

Topic: Cooperative Best Practices
Topic: Democratic Ownership
Topic: New Business Forms
Topic: Ownership
Topic: Governance
Topic: Distributed Governance
Topic: Business Operations
Topic: Governance Tools
Topic: Design
Topic: Bylaws

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Added May 4, 2020