What age do you have to be to start donating to charitable organizations?

A50.
B22.
C18.
DYou can donate at any age.

Question 2

Before you start making donations to not-for-profits you should write up a business plan, give yourself a company name, and hire employees.

True.

False.

Question 3

Many people are surprised that working for a charitable organization can be as good for your career as working for a:

ALemonade stand.
BParent.
CFortune 500 company.
DChild.

Question 4

The only type of donation you can make to a not-for-profit is to donate money.

True.

False.

Question 5

Not-for-profit organizations pay tax on their income.

True.

False.

Question 6

Each year how many billions of dollars are donated to charities?

A$5 billion.
B$5.5 billion.
C$30 billion.
D$300 billion.

Question 7

What is the difference between a "not-for-profit" and a "for-profit" organization?

A"Not-for-profit" means the owner gets to keep all the profits.
B"Not-for-profit" means the money that an organization earns goes to the organization to help it achieve its purpose rather than going to stockholders.
C"For-profit" means the owner can't give you things for free.
D"For-profit" means you donate your time and money to an organization that helps children in need.

Question 8

What age group donates the most to charities?

A65 and older.
B55 - 60.
C20 - 50.
DHigh school teenagers.

Question 9

Being charitable can:

AImprove your health, improve your self-confidence and help you become more satisfied with your life.
BCause you to waste money.
CAlways get you a job.
DBuy you a better life.

Question 10

Being charitable has many benefits. One of the important benefits you receive when you donate money to a not-for-profit organization is:

AYou may be able to write off your donation on your taxes.
BLater you can go back to the charity and they will give you your money back.
CWhen you donate money to a not-for-profit, you can keep the receipt and the bank will give you your money back.
DYour company will pay you for the money you donated to the not-for-profit.

In united states, there is no laws/regulation that prohibit you form donating to charitable organizations. These action would be considered as an act of elevating social problems that are faced by other people in society. The only legal risks can only occurs if you somehow use the charity as a method to disguise your tax payment.

2 false

You can make a donation to non-profits anytime you want. But, to ensure that your donation does not go to waste, you need to conduct a little research on the non-profit organization. Make sure that they had proof of their work and not just around to steal your hard earned money.

3. C.Fortune 500 company.

The only difference between the two is where the sense of achievement come from. Working for fortune 500 company would definitely give more advantage in financial gain. But, working for non-profit would help you if you seek satisfaction in improving the wellness of others.

4 false

Each non-profit usually receive all forms of donation as long as the donation is relevant to their causes. For example, if the non-profit is established to help poor kids in Africa in their survival, materials such as foods, clothes, toys, books, or medicines would be accepted.

5. true

Non-profit organizations still pay tax on their income. But the rate usually would be significantly lower compared to other form of organizations. This happen because the government exempted non-profit organization from having to pay sales tax and property taxes from their operation.

6. D. $300 billion.

From united states alone, it is estimated that more than 390 billion dollar is given to charities each year.This number come from the combination of the contribution from Corporate's Social responsibilities and the donations given by non-profit and individuals donators.

7. B. Not-for-profit" means the money that an organization earns goes to the organization to help it achieve its purpose rather than going to stockholders.

Not for profit organization usually established under a specific cause (such as hunger, environmental problems, etc). In for profit organization, the money form the operation would all be given to the shareholders. In non-profit organizations, the money from the operation would be allocated to fix the problems related to their cause.

8. C.20 - 50

People who donate the most to charities tend to be the people who are still in productive age. these people had higher amount of average income compared to other age groups. Because of this, they are the most likely to have more money on their reserve after fulfilling all of their consumptions.

9. A. .Improve your health, improve your self-confidence and help you become more satisfied with your life.

Studies shown that donating to charities contribute the reduction of stress which might lead to improvements to your health. The sense of self-satisfaction that come from charities would improve your self-confidence due to the perception that you've done good for others.

10. A.You may be able to write off your donation on your taxes.

Since they are considered as an act that had positive benefits to society, most governments in the world would consider charities that you've given as a tax write-off. This would be an upside for those who are genuinely willing to help. But on the down-side, many people or corporations use this situation to manipulate their tax payments

nightwolf707a nightwolf707a · Answer 2 · 2021-04-16T15:06:07-04:00

answer for (question #1)

You can donate at any age. In united states, there is no laws/regulation that prohibit you form donating to charitable organizations. These action would be considered as an act of elevating social problems that are faced by other people in society.

so the answer is (D)

answer for (question #2)

With the usual, and necessary, caveat of, “I am not attorney, nor am I giving legal advice,” I responded that, Yes, when the transaction advances the donor non-profit's charitable mission, a non-profit can donate money (and other resources) to another non-profit. ...

(TRUE)

answer for (question #3)

(A)

answer for (question#4)

(TRUE)

answer for (question #5)

(FALSE)

have a great day!!!!!!!

answer for (question #6)

Total giving to charitable organizations was $410.02 billion in 2017 (2.1% of GDP). This is an increase of 5.2% in current dollars and 3.0% in inflation-adjusted dollars from 2016. Giving has increased in current dollars every year since 1977, with the exception of three years that saw declines: 1987, 2008 and 2009.

the answer is (D

answer for (question #7)

(B)

answe for ( question #8)

People are generally more philanthropic toward the end of their lives, when they tend to have more savings, time, and motivation to help others. (Giving peaks at ages 61-75, when 77 percent of households donate, compared to just over 60 percent among households headed by someone 26-45 years old.)

(C)

answer for (question #9)

(C)

answer for ( question #10)

(A)