A Life Income Fund Is Used When:​

question 14

Multiple Choice

A life income fund is used when:​

• A)​resources are accepted with a stipulation that periodic payments will be made to the donor for a specified number of years
• B)​endowments are made to the college or university
• C)​resources are accepted with a stipulation that periodic payments will be made to the donor for the lifetime of the donor
• D)​All income earned on donated assets is to be paid to the donor over their lifetime.

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Definitions:

Direct Approach

A communication style that is straightforward and to the point, without unnecessary details or digressions.

Negative Message

Communication that conveys a refusal, denial, or unfavorable information in a tactful way.

Positive Statement

An assertion that can be tested and validated, often used in economics to describe facts without judgment.

Negative Message

Communication that conveys a refusal, rejection, or bad news in a way that aims to maintain a good relationship with the recipient.