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GiftLaw Pro Home   >  Chapter 4 - Specific Property Gifts  >  4.12 Stock  >  4.12.4 Gifts of Stock to a Private Foundation  >  Basic Quiz

Basic Quiz - 4.12.4 Gifts of Stock to a Private Foundation

1. The principal attraction of private foundations is that the donor can name the private foundation after him or herself and his or her family.
           
2. Gifts to private foundations are subject to more favorable tax deduction rules than gifts to public charities.
           
3. Numerous restrictions apply to private foundations that do not apply to public charities.
           
4. Gifts of cash to private foundations are deductible up to 60% of a donor's adjusted gross income.
           
5. Gifts of cash to public charities are deductible up to 60% of a donor's adjusted gross income.
           
6. Gifts of appreciated property to private foundations are deductible up to 20% of a donor's adjusted gross income.
           
7. Gifts of appreciated property to public charities are deductible up to 20% of a donor's adjusted gross income.
           
8. Gifts of privately-held stock and appreciated real estate to private foundations are deductible at fair market value.
           
9. Gifts of privately-held stock and appreciated real estate to public charities are deductible at fair market value.
           
10. Gifts of publicly-traded stock are deductible at fair market value.