Multiple Choice
The Friends of the City Public Library Foundation is a legally separate, tax-exempt 501c3 entity organized for the purpose of raising funds to provide financial assistance to the Library.Members of the board of the Foundation are elected by the existing Foundation board members.The Foundation provides financial assistance to the Library, but the Foundation receives no financial support from the Library.If dissolved, all of the Foundation assets would revert to the Library.The Foundation would be considered an
A) Primary government.
B) Component unit.
C) Related organization.
D) Affiliated organization.
Correct Answer:
Verified
Correct Answer:
Verified
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