Ch. 12 Money Review

What percentage of households give to charity?

65%

Traits or qualities that represent an individual's highest priorities, deeply held beliefs and motivating forces; one's guiding principles

Core Values

(T/F) You have to wait until you have a large income before you can help others.

False

Is it better to give to many charities or just a few?

Just a few

Anything handed down from the past; something that someone has achieved that continues to exist after they are gone

Legacy

Organizations that use money raised to achieve their goals rather than distributing them as profit

Nonprofits

Means "love of humanity"; identifying and exercising one's values in giving and volunteering

Philanthropy

Save a $500 emergency fund

The First Foundation

Pay cash for college

The Fourth Foundation

(T/F) One financial benefit of giving money to charity is that your contribution may be tax deductible.

True

Which of the following should be a consideration when selecting a nonprofit to which you'd like to contribute?

Your values and beliefs, the charity's commitment to accountability and transparency, and how well run the organization is