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Question : An ---------------- is established when a Not-for-Profit Organisation receives assets from a donor with a condition to pay a specified amount periodically to designated beneficiary or beneficiaries.

Option 1: Annuity Fund

Option 2: Endowment fund

Option 3: Government Grant

Option 4: General Fund


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Annuity Fund


Solution : An annuity fund is established when a Not-for-Profit Organisation receives assets from a donor with a condition to pay a specified amount periodically to designated beneficiary or beneficiaries.
Hence, the correct option is 1.

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