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Distinguish the differences between operating reserves, quasi-endowment funds, and permanently restricted endowment funds.
Stocks
Securities that represent ownership in a corporation, entitling the holder to a portion of the company's profits in the form of dividends.
Deductible Charitable Contributions
Deductible charitable contributions are donations made to qualified organizations that can be subtracted from your gross income to lower your taxable income.
Political Party
An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected.
Salvation Army
A charitable organization that provides social services, including disaster relief, rehabilitation centers, and thrift stores, to those in need across the globe.
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