If a trust is to be used the benefit individuals, private organizations or other governments, the following fund(s) should be used:

Question

Quizplus · Accepted Answer

Private purpose funds are typically used for trusts created to benefit individuals or private organizations. Permanent funds are more commonly used for public purposes such as conservation or education, and special revenue funds are typically used for specific government programs or projects.

If a Trust Is to Be Used the Benefit Individuals