Which of the following statements regarding foundations is TRUE? | A) | Grants from company-sponsored foundations must be made without regard to the sponsoring companys business interest. |
| | B) | An operating foundation is generally funded by the organization it is intended to support. |
| | C) | A community foundation typically receives its funding from an individual. |
| D) | Independent foundations receive their funds from an individual, family, or group. |
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Answer and Explanation
Company executives usually dominate the board of trustees for a company-sponsored foundation, which may use grants to further corporate interest. A fund owned and funded by the organization it is intended to support is called an endowment, not a foundation. Community foundations typically receive their funding from multiple, not single, sources. | 
发表于 2008-9-17 13:49
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