Thursday, May 2, 2024
Gift Administration

8.2.4 Basic Quiz -- Trust Investments
Charitable remainder trusts may not hold a life insurance policy as an investment.
     True      False
A "conservative portfolio" typically consists of 70% bonds and 30% equities.
     True      False
The IRS has rules prohibiting charitable remainder trusts from investing in junk bonds.
     True      False
One hundred basis points is the equivalent of 1%.
     True      False
It is important to minimize investment fees and costs with lower return rates.
     True      False
UPIA stands for the "United Property Investment Act."
     True      False
100 basis points is a common fee for a private trustee and investment advisor.
     True      False
Four-tier accounting and investment strategy determine the type of income the trust pays to the beneficiary.
     True      False
It is acceptable under the UPIA for a trustee to invest only in municipal bonds.
     True      False
A charity may serve as a trustee and assist in the investment strategy.
     True      False



© Copyright 1999-2024 Crescendo Interactive, Inc.