A fund held for the benefit of the community. Limited in title in England and Wales to corporate bodies established by Royal Charter (Charities Act 1960, Section 31).
The most common committee in the carrying on of foundations or charities, normally responsible for the handling of funds and banking. Often concerned with ways of obtaining funds and with expenditure.
A committee empowered to carry out any particular functions and to make decisions. Usually an executive committee is composed of a small group of persons which a larger body appoints from its own ranks to carry out and/or prepare its decisions and, generally, to manage day-to-day affairs during the intervals between meetings of the main body.
A power or authority empowering a person or persons to do certain acts; hence: a body of persons appointed and empowered to perform certain tasks on behalf of an organisation.