A person interested in donating money to a public institution (perhaps for the purpose of commemorating his own name or those of his loved ones) can do so by establishing a Public Trust.
In such cases, the Trust Co. establishes the trust in order to manage the assets, so donated, in accordance with the donor's wishes.
The Trust Co. prepares the Trust Deed, obtains the required authorization from the Registrar of Charities, obtains an exemption from the deduction of income tax from the Trust's income and distributes the grants/scholarships.
As required by law and by the terms of the Trust Deed ,the Trust Co. reports to the founder of the trust and to the relevant authorities
