Asked by Abdulaziz Bin Dharman on Jun 13, 2024
Verified
Private foundations are usually funded by ______.
A) the U.S. Congress
B) a single donor
C) community organizations
D) a vast number of corporate sponsors
Private Foundations
Nonprofit entities that typically donate funds and support to other charitable organizations, funded by a single source, like a family or corporation.
Single Donor
Refers to contributions received from one individual, organization, or entity to support a particular cause or organization.
- Comprehend the origins of financial support for charitable institutions and the consequences associated with these sources of funds.
Verified Answer
MS
Missica SkeensJun 18, 2024
Final Answer :
B
Explanation :
Private foundations are usually funded by a single donor or a family, who establishes a charitable trust or foundation and contributes the initial funds.
Learning Objectives
- Comprehend the origins of financial support for charitable institutions and the consequences associated with these sources of funds.
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