Decision of the Charity Commission on AITC Foundation.
Decision made by the Charity Commission on 19 February 2004.
The commissioners considered an application from the AITC Foundation for registration as a charity. The organisation was set up to help people who had suffered financial loss from certain forms of investment. The commission concluded that the organisation was established for exclusively charitable purposes for the public benefit, and could be registered as a charity.
This decision is significant because the commission had to consider whether relieving temporary or relative financial hardship could be charitable and whether the beneficiary class was large enough.