What type of gift is a company's financial donation to a nonprofit organization without expectation of a benefit beyond that of social responsibility?

Question

Quizplus · Accepted Answer

A financial donation to a nonprofit organization without expectation of benefit beyond social responsibility falls under the category of philanthropy, which is defined as the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes.

What Type of Gift Is a Company's Financial Donation to a Nonprofit