Question

The grandparents of the Zoey Family started a foundation many years ago by permanently contributing stock in the family business to a separate legal entity. An organization such as the Zoey Family Foundation is most likely a private foundation, rather than a public charity, because: Select one: A. It receives support from a broad set of members. B. Its purpose is to accept small gifts from a large set of donors and distribute them to other operating not-for-profit organizations. C. It is a very large not-for-profit tax-exempt organization, with respect to total assets, total net assets, and total expenses. D. It is primarily funded from the investment income earned on an endowment.

          The grandparents of the Zoey Family started a foundation many years ago by permanently contributing stock in the family business to a separate legal entity. An organization such as the Zoey Family Foundation is
most likely a private foundation, rather than a public charity, because:
Select one:
A. It receives support from a broad set of members.
B. Its purpose is to accept small gifts from a large set of donors and distribute them to other operating not-for-profit organizations.
C. It is a very large not-for-profit tax-exempt organization, with respect to total assets, total net assets, and total expenses.
D. It is primarily funded from the investment income earned on an endowment.

The grandparents of the Zoey Family started a foundation many years ago by permanently contributing stock in the family business to a separate legal entity. An organization such as the Zoey Family Foundation is
most likely a private foundation, rather than a public charity, because:
Select one:
A. It receives support from a broad set of members.
B. Its purpose is to accept small gifts from a large set of donors and distribute them to other operating not-for-profit organizations.
C. It is a very large not-for-profit tax-exempt organization, with respect to total assets, total net assets, and total expenses.
D. It is primarily funded from the investment income earned on an endowment.

Added by Cindy B.

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