HHS245 W 3 DQ 1
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This 0 page Study Guide was uploaded by an elite notetaker on Tuesday November 10, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 21 views.
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Date Created: 11/10/15
Post your response to Exercise 1 found on pp 6061 of Ch 3 Your answer to this exercise should address the questions found on p 54 of Ch 3 1 What purpose or goaldo you wish to achieve in giving this gift The purpose and goal I wish to achieve by giving the gifts is to help organizations and different agency39s better serve the communities they are working for I would also like to achieve some success in the research of diseases which are currently incurable I also want to see troubled teens that are living on the street get the help and shelter they need to succeed in life thus preventing the road to destruction 2 Given those goals who is entitled to the gift There are a few different groups that are entitled to this gift The American Cancer society who39s main goal is the search for a cure for cancer They currently research and look for ways to better treat and cure cancer Shelters that are designed to help children who are suffering from abuse and neglect since they are the ones that usually end up on the street with nowhere to go I hope that by giving the gift shelters and organizations whose main goal is to help them will be better suited to help those in trouble Nonprofit health care organizations and agencies who are trying to help the community around them With the gift I would hope that they are able to either expand or be better suited to care for those that need to be cared for Churches that open their doors to anyone needing help Some churches support and run missions I would want the gift to go to those so that the missions can be better and can improve on what they are already doing 3 In what form would the gift be given assuming you could easily transform it into cash or some other gift For the major agency39s the gift will be given in the form of grants that give specific guidelines as to how the money should be spent and what the intended outcome of the grant is For the smaller agencies and the churches the gift would come in cash form and I would deliver it myself 4 Whom will you select to deliver it As I stated above the cash gifts to churches and shelters I will hand out personally as for the trusts I will allow my attorney to handle those My attorney will be the one handing out and handling the trusts for the major organizations and agencies 5 Do you want to give the whole gift at once or just the interest earned from principal or do you wish others to help with financing by putting up some of their own money I want to give the whole gift at once with stipulations as to how much is used and for what I would also like to see others help with the financing by putting up their own money towards the organizations I want them to have the whole amount that way they know what they have to work with but I want there to be some sort of control on how they go about spending and using the money I will allow my attorney to take care of the paperwork and anything else needed to ensure that the trusts are used correctly 6 If the gift is given in cash will recipients spend it for the purpose intended ieinteractions in this case between goals and form of benefit Yes the gifts given in cash will be used for the purpose intended I will make sure when I give those gifts that I tell the people involved exactly what I want the money used for I will attempt to sit down with them and discuss their goals and make sure that is what they plan to use the money for Hopefully they do use the money in the proper manner Within the eight weeks I have left I would try to work closely with those that I handed the cash too
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