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One of the Objectives of Establishing a Program of Lifetime

question 106

Essay

One of the objectives of establishing a program of lifetime giving is to transfer assets that are likely to appreciate in value. Examples include life insurance policies, valuable collections
e.g., art works), vacation homes, and undeveloped real estate. However, such gifts could cause economic problems for certain donees. Explain why.


Definitions:

Internal Rewards

are personal satisfactions or fulfilments that come from within an individual, often as a result of accomplishing something.

External Rewards

Benefits or incentives provided by an external source, such as money, grades, or praise, which motivate behavior.

Organizational Morale

The overall mood, attitude, and satisfaction of members within a company or organization, often influencing productivity and cohesion.

Bureaucratic Structure

An organizational framework structured on hierarchy and defined, formal roles and responsibilities, emphasizing a clear division of labor and standardized procedures.

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