Charitable trusts are trusts which generally have a public character and are set up for certain purposes beneficial to the public or a segment thereof. Unlike in the case of a private trust where the beneficiaries usually have a personal relationship with the settlor or the creator of the trust, beneficiaries of charitable trusts do not need to be named or specified. Charitable trusts are usually set up for the relief of poverty, the advancement of education or religion as well as other purposes beneficial to the community. As most charitable trusts may last a long time, the ideal choice of trustee would be a trust corporation such as OSK Trustees which has the advantage of perpetual existence.