(1 point)
One cost an individual receives for a charitable donation is an income tax deduction.
A charitable contribution of goods is only a benefit to a charity if it can be sold for cash.
Only a cash donation to a charity is considered a charitable contribution.
Goods donated to a charity benefit the charity when they are used by the charity or sold for cash by
the charity.
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 accurately reflects the impact of donated goods and acknowledges both the potential for direct use by the charity and the possibility of selling items for cash to further support their mission.
