Monday, May 6, 2024
Charitable Organizations

7.1.7 Basic Quiz -- Community Foundations
A community foundation is a type of public charity.
     True      False
Community foundations are unable to receive funds from a supporting organization.
     True      False
All community foundations provide funds for community environmental preservation.
     True      False
Donor advised funds are not offered by community foundations.
     True      False
Targeted funds are funds used by a community foundation to assist a charitable venture selected by the donor.
     True      False
Field of interest funds are much like targeted funds in application.
     True      False
A community foundation may offer scholarship funds to attract donors.
     True      False
Scholarship funds may be used by a prospective student for uses other than education.
     True      False
Community foundations may elect to set aside restrictions attached by a donor on a gift's use if the community foundation deems the restrictions unnecessary.
     True      False
Most community foundations simply deposit received funds into a savings account and distribute funds out of the account.
     True      False



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