The Bennett family has been very involved in the local community.They decide that they would like to make a series of contributions to the university,the college,and various recreational clubs throughout the city.They hire an administrator to distribute the funds.This is an example of _____________.

Question

Quizplus · Accepted Answer

The scenario describes a family making contributions to various organizations through the distribution of funds by an administrator. This is typical of a charitable foundation, which is a type of nonprofit organization that offers grants to other nonprofits or individuals to advance a specific cause or mission. Social venture philanthropy, strategic giving, sponsorship, and philanthrocapitalism are also forms of charitable giving, but they do not involve the establishment of a nonprofit foundation to manage the distribution of funds.

The Bennett Family Has Been Very Involved in the Local