1. You are the director of the board of a newly established nonprofit, and you are asked by the chair to develop an investment policy for the organization. What should you include in the investment policy statement?
2. Why is diversification so important for some nonprofits?
3. What is performance management?
4. Becky and Ryan file a joint return. They have 12 children, all of whom qualify as dependents. If Becky and Ryan report 2017 AGI of $372,000, what is their allowable deduction for personal and dependency exemptions?