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Charitable Giving and Nonprofit Organizations Quiz

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What percentage of their income do most Americans typically donate to charitable causes?

3-5%

Explanation

Most Americans donate 3-5% of their income to charitable causes.

Which of the following is a common form of charitable giving where individuals make small, regular contributions to support a cause?

Crowdfunding

Explanation

Crowdfunding involves individuals making small, regular contributions to support a cause.

What is the term for the practice of nonprofits combining efforts and resources to achieve a common goal?

Collaboration

Explanation

Collaboration is the practice of nonprofits combining efforts and resources for a common goal.

What is the term for the process of fundraising where multiple donors contribute small amounts of money to reach a fundraising goal?

Micro-donations

Explanation

Micro-donations involve multiple donors contributing small amounts to reach a fundraising goal.

Which philanthropic strategy involves donors committing to give a percentage of their wealth to charitable causes over time?

Strategic philanthropy

Explanation

Strategic philanthropy involves donors committing a percentage of their wealth to charitable causes over time.

Which type of nonprofit organization is focused on addressing specific social or environmental issues?

501(c)(3)

Explanation

501(c)(3) organizations focus on specific social or environmental issues.

What is the term for the practice of making a charitable gift while alive and receiving an immediate tax benefit?

Charitable Gift Annuity

Explanation

Charitable Gift Annuity involves making a charitable gift while alive with immediate tax benefits.

What is the primary purpose of an IRS Form 990, which nonprofits are required to file annually?

Financial disclosure

Explanation

The primary purpose of IRS Form 990 is financial disclosure for nonprofits, filed annually.

Which charitable giving method allows donors to contribute assets to a charitable organization, while retaining an income stream for themselves or others?

Charitable Remainder Trust

Explanation

Charitable Remainder Trust allows donors to contribute assets to charity while retaining an income stream.

#10

Which charitable giving method involves donors providing financial support for a specific project or initiative?

Programmatic funding

Explanation

Programmatic funding involves donors supporting specific projects or initiatives.

#11

What is the term for the process of evaluating and measuring the impact of a nonprofit's activities and programs?

Outcome assessment

Explanation

Outcome assessment is the process of evaluating the impact of a nonprofit's activities.

#12

Which famous billionaire pledged to give away the majority of his wealth to address global challenges through the Giving Pledge?

Bill Gates

Explanation

Bill Gates pledged to give away the majority of his wealth through the Giving Pledge.

#13

In the context of nonprofits, what does the term 'board governance' refer to?

The oversight and decision-making of the organization

Explanation

Board governance refers to the oversight and decision-making of the organization in nonprofits.

#14

In the context of nonprofits, what does the term '501(c)(3)' refer to?

Tax-exempt status for charitable organizations

Explanation

501(c)(3) refers to tax-exempt status for charitable organizations.

#15

Which organization is known for its role in accrediting and setting standards for nonprofit organizations in the United States?

Council on Accreditation

Explanation

The Council on Accreditation is known for accrediting and setting standards for US nonprofit organizations.

#16

In the context of charitable giving, what does the acronym DAF stand for?

Donor-Advised Funds

Explanation

DAF stands for Donor-Advised Funds in charitable giving contexts.

#17

Which federal agency regulates and oversees charitable organizations and philanthropy in the United States?

Internal Revenue Service (IRS)

Explanation

The Internal Revenue Service (IRS) regulates and oversees charitable organizations in the US.

Charitable Giving and Nonprofit Organizations Quiz

What percentage of their income do most Americans typically donate to charitable causes?

Which of the following is a common form of charitable giving where individuals make small, regular contributions to support a cause?

What is the term for the practice of nonprofits combining efforts and resources to achieve a common goal?

What is the term for the process of fundraising where multiple donors contribute small amounts of money to reach a fundraising goal?

Which philanthropic strategy involves donors committing to give a percentage of their wealth to charitable causes over time?

Which type of nonprofit organization is focused on addressing specific social or environmental issues?

What is the term for the practice of making a charitable gift while alive and receiving an immediate tax benefit?

What is the primary purpose of an IRS Form 990, which nonprofits are required to file annually?

Which charitable giving method allows donors to contribute assets to a charitable organization, while retaining an income stream for themselves or others?

Which charitable giving method involves donors providing financial support for a specific project or initiative?

What is the term for the process of evaluating and measuring the impact of a nonprofit's activities and programs?

Which famous billionaire pledged to give away the majority of his wealth to address global challenges through the Giving Pledge?

In the context of nonprofits, what does the term 'board governance' refer to?

In the context of nonprofits, what does the term '501(c)(3)' refer to?

Which organization is known for its role in accrediting and setting standards for nonprofit organizations in the United States?

In the context of charitable giving, what does the acronym DAF stand for?

Which federal agency regulates and oversees charitable organizations and philanthropy in the United States?

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