Consumer- Chapter 12 Flashcards
Which of the following should be consideration when selecting a non-profit from which you would like to contribute to?
all of the above
Is it better to give to many charities or just a few?
just a few
What percentage of American households give to charity?
65%
Which of the following is not one of the Five Foundations?
Build Your Credit
Smart donors support their favorite charities how often?
long-term
Which of the following is a way that giving to others can benefit you?
all of the above
When considering donating to charity…
you can start by giving your time, money, or talents now
Your primary motivation for giving should be…
the simple desire to help others
T or F: You have to wait until you have a large income before you can help others
false
T or F: One financial benefit of giving money to charity is that your contributions may be tax deductible.
true
T or F: There is nothing that distinguishes your value and interest from those of others teens
false
T or F: One of the most important and rewarding things you can do is give
true
T or F: When we give to others, we become less self focused
true
T or F: Delaying the act of giving will make giving less likely in your future
true
Anything handed down from the past, something that someone has achieved that continues to exist after they are gone
legacy
Means love of humanity; identifying and exercises ones values in giving and volunteering
philanthropist
Organizations that use money raised to achieve their goals rather then distributing them as profit
Nonprofits
An organization set up to provide help and those in need
charitable organization
The practice of providing help and advise to people in a community before they ask for it
outreach
What is the 5th foundation?
Build Wealth and Give
Why is it important to give money, time, or talents?
It is important to give money, time, or talents because you will be helping out others or those in need. These acts, whether they are big or small, will make you feel good about yourself as well. When you start giving early, you build character as you grow and continue to give and help others.
What does it mean to leave a legacy?
A legacy that you leave is the impact you have on the world. To create a legacy, you need to put yourself out there for the sake of another person, build relationships, and sacrifice your time and energy. This creates a legacy and gives meaning to the journey of your life.
Write something you learned in this chapter.
I learned that you can give at any time in your life whether it be money, time, or talents. There are so many ways that you can help others and you can start at a young age. Starting early will help to make it easier to continue to give as you grow older. Giving makes you feel good about yourself and allows you to help others in different ways.
If you could start a charity, what would it be? Who would you help in what way? Why?
If I could start a charity, I would begin one that would help children who come from low income families and broken homes be able to have an education. My charity would raise money to build schools and pay teachers for children that really need the extra help. This way, these children would be able to get the education they need and sometimes an escape from their home lives.
