Melvin gave a gift to the American Red Cross to be used to provide clothing for individuals who lost their homes due to a major flood. At the same time a local foundation provided the Red Cross funds to develop plans for a new housing subdivision away from the flood zone. Melvin's gift is an example of _______ while the foundation's gift is an example of _______.
A) a bequest; planned giving
B) charity; philanthropy
C) a grant; an annual fund
D) entrepreneurship; a trust
Correct Answer:
Verified
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