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

Question

Quizplus · Accepted Answer

Private purpose funds are specifically designed for the benefit of individuals, private organizations or other governments. They are used for specific purposes and are managed separately from other funds. Therefore, a private purpose fund is the best choice for a trust to be used for the benefit of such entities. Special revenue funds are used for specific revenue sources and are restricted to be used for specific purposes, while permanent funds are used for growing investments and generating income for the government's use, and aren't typically used for specific beneficiaries.

If a Trust Is to Be Used for the Benefit