Thursday, May 2, 2024
Specific Property Gifts

4.12.4 Basic Quiz -- Gifts of Stock to a Private Foundation
The principal attraction of private foundations is that the donor can name the private foundation after him or herself and his or her family.
     True      False
Gifts to private foundations are subject to more favorable tax deduction rules than gifts to public charities.
     True      False
Numerous restrictions apply to private foundations that do not apply to public charities.
     True      False
Gifts of cash to private foundations are deductible up to 60% of a donor's adjusted gross income.
     True      False
Gifts of cash to public charities are deductible up to 60% of a donor's adjusted gross income.
     True      False
Gifts of appreciated property to private foundations are deductible up to 20% of a donor's adjusted gross income.
     True      False
Gifts of appreciated property to public charities are deductible up to 20% of a donor's adjusted gross income.
     True      False
Gifts of privately-held stock and appreciated real estate to private foundations are deductible at fair market value.
     True      False
Gifts of privately-held stock and appreciated real estate to public charities are deductible at fair market value.
     True      False
Gifts of publicly-traded stock are deductible at fair market value.
     True      False



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