PFL #14a Charitable Giving VOCAB

A legal organization providing services or activities without commercial or monetary gain; organized for purposes other than earning a profit.

• Charitable Giving
• Nonprofit Organization
• Cost/Benefit Analysis
• Tax Deduction

A tool used to choose among alternatives involves weighing the cost(s) of a product or service against the benefit it will provide.

• Charitable Giving
• Gifts in-kind
• Cost/Benefit Analysis
• Tax Deduction

The act of giving to charitable organizations or to those in need.

• Charitable Giving
• Gifts in-kind
• Cost/Benefit Analysis
• Nonprofit Organization

An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts.

• Charitable Giving
• Gifts in-kind
• Tax Deduction
• Nonprofit Organization

A non-cash contribution to a charitable organization which can be given a cash value.

• Cost/Benefit Analysis
• Gifts in-kind
• Tax Deduction
• Nonprofit Organization

Someone who practices the act of giving.

• Philanthropy

• Creditor

• Philanthropists

• Lender

The act of giving to others.

• Philanthropy

• Creditor

• Philanthropist

• Lender

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

• Recipient

• Donor

• Lender

• Creditor

A person who receives items that have been donated.

• Recipient

• Donor

• Creditor

• Lender

Allow you to subtract certain charitable contributions from you personal income taxes.

• Taxes

• Income

• Salaries

• Tax Deductions