Which of the Following Would Be Accounted for as a Permanent

question 91

Multiple Choice

Which of the following would be accounted for as a permanent fund?

• A) A gift of $65,000 to a school district, to be invested permanently, with the proceeds to be awarded as college scholarships to graduating seniors.
• B) A gift of $65,000 to a school district, to be used for landscaping improvements.
• C) A gift of $65,000 to a city to be invested permanently, with the proceeds to be used to buy books for the city library.
• D) Both A and C

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Definitions:

Grant Proposal

A written request submitted to an entity or organization seeking funding for a project or initiative, outlining the importance and implementation plan.

Goal Statement

A clear and specific description of desired achievements or objectives, often used in planning or motivation.

Causes

refers to principles, aims, or movements that people support or fight for, especially in the realm of social or political issues.

Business Proposal

A document designed to offer specific goods or services to a potential buyer or client.