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Nonprofit Entities Establish Endowments When a Donor Contributes Assets and Makes

Question 29

Multiple Choice

Nonprofit entities establish endowments when a donor contributes assets and makes certain specifications, including what?


A) The types of securities in which the contributed assets must be invested
B) How earnings and gains from investing those assets must be used.
C) That the nonprofit's board of trustees should decide how to use the contributed assets
D) That the nonprofit can keep the contributed assets until they become underwater

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