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403(b) A tax-advantaged retirement plan, similar to a 401(k) plan, but one that is available for public education organizations and some non-profit employers, rather than corporations. 457 A tax-exempt deferred compensation program made available to employees of state and federal governments and agencies.A 457 plan is similar to a 401(k) plan, except there are never employer matching contributions and it is not considered a qualified retirement plan by the IRS.In fact, eight of the 22 largest bankruptcies have happened during the last three years of recessions.Here in this post, you’ll find Top 22 cases of Largest Bankruptcies in World History with brief details to give you actual idea about these Bankruptcies.1-9 401(k) A type of profit sharing plan offered by a corporation to its employees, which allows employees to set aside tax-deferred income for retirement purposes.In some cases employers will match their contribution dollar-for-dollar.

The Foundation must also be able to administer the terms of the gift in accordance with the donor’s wishes.

It is voluntary and is made without getting, or expecting to get, anything of equal value;” and as described in FASB 116 as: “An unconditional transfer of cash or other assets to an entity or a settlement or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner.

Other assets include securities, land, buildings, use of facilities or utilities, materials and supplies, intangible assets, services, and unconditional promises to give those items in the future.” The purposes of the gift must fall within the broad charitable purpose of the Foundation.

Simultaneously, the Foundation seeks to use the funds donated to it for the benefit and betterment of the communities and organizations it serves by providing leadership in identifying and addressing community needs.

Given the increasing complexity of IRS regulations, the volume of real estate and other property gifts, and state and federal environmental laws, the Foundation recognizes the value in carefully screening proposed gifts.