Commons Trusts

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Description

1. Tommaso Fattori:

"Commons trusts are normally considered legal entities responsible for protecting shared assets, and which have a fiduciary duty to preserve natural and material commons - such as natural systems, water, air, land, and biodiversity - and to protect, regenerate or create social, cultural, digital and intellectual Commons, such as Wikipedia and the Internet itself. Such trusts can be located either inside the boundaries of one state or be trans-border, according to the size and range of the resource and/or of its relative community of interest."


2. James Quilligan


= "Co-governance and Co-production of a Commons asset by a local community of producers and users with the primary goal of preserving the resource for future generations. Local trusts must coordinate regionally and cooperate across regions creating Global Trusts to effectively safeguard global commons"


See the detailed treatment in the Commons Trusts FAQ


Example

  • A Waqf is an inalienable religious endowment in Islam, typically denoting a building or plot of land for Muslim religious or charitable purposes. It is conceptually similar to the common law trust. [1]


More Information

  1. Trusts
  2. Commons Trusts FAQ