Responses
Only a cash donation to a charity is considered a charitable contribution.
Only a cash donation to a charity is considered a charitable contribution.
A charitable contribution of goods is only a benefit to a charity if it can be sold for cash.
A charitable contribution of goods is only a benefit to a charity if it can be sold for cash.
Goods donated to a charity benefit the charity when they are used by the charity or sold for cash by the charity.
Goods donated to a charity benefit the charity when they are used by the charity or sold for cash by the charity.
One cost an individual receives for a charitable donation is an income tax deduction.
1 answer
The statement that best describes charitable giving is:
Goods donated to a charity benefit the charity when they are used by the charity or sold for cash by the charity.
This correctly reflects the idea that both cash contributions and in-kind donations (such as goods) can provide value to a charity, whether through direct use or by generating funds when sold.
