A Split- Interest Gift Transfer

question 48

Multiple Choice

A split- interest gift transfer

• A) cannot qualify for a deduction if a future interest is given to a charitable organization.
• B) involves two public (charitable) organizations.
• C) qualifies for a charitable contribution deduction if the recipient charity receives a guaranteed annuity, which is a present interest.
• D) involves two present interests.

---

Definitions:

Pluralistic Ignorance

A phenomenon where individuals mistakenly believe their thoughts, feelings, or behaviors are different from those of the group, due to a lack of open communication.

Uncaring Attitude

describes a lack of interest or concern about something or someone, often perceived as indifference or emotional detachment.

Life Cycle

The series of stages that an entity (such as a product, organization, or project) goes through from initiation to its eventual termination or renewal.

Social Change Issue

A problem that is recognized by society as needing to be addressed in order to achieve justice, equality, or improvements in human rights, environmental conservation, or community welfare.