Charitable Giving and Endowments

Question 1

Define the terms public charity and private foundation

Question 2

Explain the rules for directing investment decisions of donor advised funds

Question 3

Explain the tax treatment for contributions to donor advised funds

Question 4

Explain the rules for and tax treatment of Charitable Lead Trusts

Question 5

Explain the rules for and tax treatment of Charitable Remainder Trusts

Question 6

Identify the tax rates for donations to private foundations and public charities

Question 7

Differentiate between the tax treatment of donations to private
foundations and public charities.

Question 8

Describe unrelated business taxable income (UBTI) as it pertains to the
taxation of the operation of investments of a private foundation

Question 9

List the deduction amounts applicable to a variety of donatable assets based
on the type of organization receiving the donation.

Question 10

Calculate the potential deduction for a donation to a private foundation or
public charity based on the type of asset donated and the type of
organization receiving the donation.