Posted: November 7th, 2022

Donation of $50,000 to pay to provide the wall street journal to a local library.

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Requirements
Minimum of 100 words, so short answers are not allowed.
Required to have at least one reference. Use of references must adhere to current APA reference system requirements. Your reference must be added to the bottom of the post in the same format as a reference page. The reference is not included in the minimum word count.
Topic
Part 1. When a government receives a donation from an estate, there are three different kinds of funds that the donation may be placed in.
1. Private Purpose Trust Fund
2. Special Revenue Fund
3. Permanent Fund.
Explain the differences between these three different Fund Types.
Part 2. For each of the following examples, determine which fund the donation should go into and explain why.
A. Donation of $50,000 to pay to provide the wall street journal to a local library. There is a stipulation that the principle be invested and the interest should be used to pay for the papers. B. Donation of 250,000 to provide care and upkeep to the county cemetary in exchange for burial services of the donor.
C. A donation of 500,000 that cannot be expended and must be invested. The investment returns are to be used to provide 2 year technical college scholarships to students from minority families who are considered low income or are on welfare.
Don’t forget to follow the rules of these discussions

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