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LOS h: Distinguish among various types of foundations, with respect to their description, purpose, source of funds, and annual spending requirements.
Q1. Which of the following statements regarding foundations is TRUE?
A) Independent foundations provide grants to charities, educational institutions, and social organizations.
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.
Q2. Which of the following types of foundations do NOT have a spending requirement?
A) Independent.
B) Community.
C) Operating.
Q3. Which of the following statements regarding foundations is TRUE?
A) An operating foundation is generally funded by the organization it is intended to support.
B) Grants from company-sponsored foundations must be made without regard to the sponsoring company’s business interest.
C) Independent foundations receive their funds from an individual, family, or group. | 
发表于 2009-3-4 16:43
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