Board logo

标题: Managing Institutional Investor Portfolios -LO [打印本页]

作者: cfaedu    时间: 2008-9-17 13:49     标题: [2008] Session 5-Reading 21: Managing Institutional Investor Portfolios -LO

CFA Institute Area 3-5, 7, 12, 14-18: Portfolio Management
Session 5: Portfolio Management for Institutional Investors
Reading 21: Managing Institutional Investor Portfolios
LOS h: Distinguish among various types of foundations, with respect to their description, purpose, source of funds, and annual spending requirements.

作者: cfaedu    时间: 2008-9-17 13:50

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.


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.


作者: cfaedu    时间: 2008-9-17 13:50

Which of the following types of foundations do NOT have a spending requirement?

A)Independent.
B)Company-sponsored.
C)Operating.
D)
Community.


Answer and Explanation

Independent (or private) and company-sponsored foundations must spend five percent of their assets annually toward non-operating expenses to maintain their tax-exempt status. Operating foundations must use 85% of interest and dividend income to conduct the institutions own program.


作者: cfaedu    时间: 2008-9-17 13:51

Which of the following statements regarding foundations is TRUE?

A)Company-sponsored foundations receive their funding from many sources, including the general public.
B)An operating foundation is generally funded to support a variety of social causes over time.
C)A community foundation is dedicated solely to support a specific organization or some on-going research initiative.
D)
Independent foundations provide grants to charities, educational institutions, and social organizations.


Answer and Explanation

Company-sponsored foundations receive their funding from the sponsoring company. An operating foundation is funded solely to support a specific organization or some on-going research initiative. A community foundation typically funds social, educational, or religious initiatives.






欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) Powered by Discuz! 7.2