IRS Logo
Print - Click this link to Print this page

Definition of Trust - Section 527 Political Organizations

In general, a trust is a relationship in which one person holds title to property, subject to an obligation to keep or use the property for the benefit of another. A trust is formed under state law. You may wish to consult the law of the state in which the organization is organized.

Page Last Reviewed or Updated: 27-Jul-2016