Which Type of Giving Is Expected to Grow Substantially in the Coming

question 45

Multiple Choice

Which type of giving is expected to grow substantially in the coming decades?

• A) bequests
• B) corporate
• C) tax efficacy
• D) foundation

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Definitions:

Uniform Durable Power

A legal document that grants one person (the agent) the authority to act on behalf of another (the principal) in a wide range of matters and remains in effect even if the principal becomes incapacitated.

UCC

This code, called the Uniform Commercial Code, acts as an all-encompassing body of law for managing commercial operations in the United States.

Duty to Inform

The legal obligation of one party to provide relevant information to another party in certain circumstances, such as in contracts or advisory relationships.

Law of Agency

A legal doctrine concerning the relationship where one party, the agent, is authorized to act on behalf of another, the principal, in transactions with third parties.