PFL #14a Charitable Giving VOCAB

Front

Legal entity providing services without profit motive.

Back

Nonprofit Organization

Front

Tool for choosing alternatives by weighing costs vs. benefits.

Back

Cost/Benefit Analysis

Front

Giving to charities or those in need.

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Charitable Giving

Front

Expense subtracted from taxable income, e.g., mortgage interest, charitable gifts.

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Tax Deduction

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Non-cash contribution to a charity with cash value.

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Gifts in-kind

Front

Someone who practices giving.

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Philanthropists

Front

Giving to others.

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Philanthropy

Front

A person or organization that donates time, money, or gifts-in-kind.

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Donor

Front

A person who receives donated items.

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Recipient

Front

Subtract certain charitable contributions from personal income taxes.

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Tax Deductions