Unit 12 Charitable Giving Quiz Review

What are the three most common forms of charitable giving?

• Money, material contributions, and time

• Money, tax incentives, and time

• Material contributions, time, and technology

• Time, money, and biological contributions

• Biological contributions, money, and tax incentives

Which of the following describes charity efficiency?

• How well an organization executes its plan for its cause

• The amount of money an organization spends helping its chosen cause

• The amount of money raised by an organization that goes toward its cause

• The amount of money it costs an organization to raise money

• How well an organization distributes help to the needy

Which of the following describes charitable commitment?

• The percentage of an organization’s donations going directly toward its cause

• The amount of money an organization commits to its cause annually

• The number of employees an organization has compared to its volunteer base

• The amount of money an organization raises for its cause annually

• The percentage an organization spends annually on charitable tasks

Daniel runs a successful charity that helps families who get robbed while living in low-income housing. Each year, his organization spends approximately $2,500 on fundraising activities. Last year, he was able to raise $32,000. What is his charity’s efficiency rating?

• 8.4%

• 78%

• 92%

• $2,500

• $29,500

Jacob runs a successful charity that provides wigs for children who lose their hair during chemotherapy. Each month, he hosts a fundraiser dinner. The total cost of the meal is $23, but it is sold for $150. What is his charity’s efficiency rating?

• 15%

• 18%

• $23

• 85%

• $127

Alyssa runs a very successful charity that provides homemade salsa for teachers and their families at no cost. Last year, she was able to raise $3,450 and estimates that only $1,500 went toward the operating costs of her business. What is her organization’s charitable commitment?

• $1,500

• $1,950

• 76%

• 56%

• 43%

Leah runs a very successful charity for which she and a number of volunteers put on short one-act plays at retirement homes and elderly centers. She has a number of operating costs, but most of her donations go directly toward production and travel costs. Last year she raised $2,100 of which $1,900 went directly toward her cause. What is her organization’s charitable commitment?

• $200

• 9.5%

• 10.5%

• 90%

• $1,900

For an item, or a “material contribution,” a ________ ________ ________ must be assessed for the item to count as a tax deduction.

A charity with an efficiency rating of 90 percent spends ________ for every $100 that it raises.

A charity with a charitable commitment of ________ percent will spend $70 toward charity for every $30 spent on overhead costs such as employee salaries and operating costs.