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