Asked by Adriana Davis on May 29, 2024
Verified
Gifts made by private foundations may be tax ______.
A) exempt
B) inventory
C) deductible
D) expenditures
Private Foundations
Nonprofit organizations funded by a single source, like a family or corporation, to support charitable activities.
Tax Deductible
Refers to expenses that can be subtracted from taxable income, reducing the overall amount of tax owed to the government.
Gifts
Items or funds given voluntarily without expectation of payment, often as a token of affection, appreciation, or for charitable reasons.
- Absorb the rules and regulatory guidelines that shape the political participation of nonprofit organizations.
Verified Answer
Learning Objectives
- Absorb the rules and regulatory guidelines that shape the political participation of nonprofit organizations.
Related questions
A 501(c)(3) Organization Can Engage in Lobbying Without Restriction
Organizations That Exist for the Sole Purpose of Directing Money ...
A Nonprofit Corporation Will Limit Its Powers Pursuant to What ...
There Are Specific Best Practice Standards That Nonprofit Organizations Are ...
Why Do Organizations Engage in Government Relations and Lobbying