Match the Term with the Correct Response

question 43

Multiple Choice

Match the term with the correct response.More than one response may be correct.
-Active participation.

• A)Taxpayer devotes time aggregating more than 500 hours in all significant participation activities during the year.
• B)Taxpayer participates in making management decisions in a significant and bonafide sense.
• C)It is one in which the individual's participation equals more than 100 hours during the year.
• D)Taxpayer devotes time in the activity, which constitutes substantially all of the participation in the activity of all individuals.
• E)Both options a.and d.are correct.
• F)No correct choice is given.

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Definitions:

Principal Gift

a significant financial donation made to a non-profit organization, often a transformational contribution that can have a substantial impact on the organization's capabilities and future.

Private Individuals

Persons acting in their own interest or on their own account, rather than representing an organization or governmental body.

Gift-In-Kind

A type of donation other than cash, such as goods, services, or time, provided to a nonprofit organization.

Advancement Officer

A professional responsible for developing strategies to secure resources, usually through fundraising and donations, to further an organization's mission.