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This quiz is part of the introductory curriculum for the graduate course Personal Financial Planning 5325 "Introduction to Charitable Planning" from Texas Tech University. For free downloads of the...

Questions: 20 | Attempts: 164 | Last updated: Mar 21, 2023

Sample Question
Which of the following is NOT an important reason why fundraisers would likely be interested in learning about charitable giving and retirement plan assets?

Because such a large share of wealth is held in retirement plan assets

Because retirement plan assets left at death to non-charities can be heavily taxed, making bequests to charities relatively inexpensive

Because current gifts from IRAs are particularly attractive for living donors under age 60

Because donors over 70½ must make withdraws from standard IRAs even if they don’t need the money, potentially opening up the possibility for charitable giving

Because Roth conversions may cause large spikes in income that donors will want to offset with charitable, or other, deductions

Charitable Gifts Of Property

Questions: 17 | Attempts: 214 | Last updated: Mar 21, 2023

Sample Question
When can you deduct the portion of value of a gift of property that has previously been deducted as a depreciation deduction?

Only when fair market valuation is permitted

Only when cost basis valuation is permitted

When either cost basis or fair market valuation is permitted

Only when giving to a public charity

Never