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Question 1
A donor contributes $50,000 cash to a public charity in 2026. What is the maximum percentage of the donor's adjusted gross income (AGI) that may be deducted as a charitable contribution in the year of the gift?
Correct Answer:
60%
Question 2
Which characteristic best distinguishes a donor-advised fund (DAF) from a private foundation?
Correct Answer:
DAF contributions are irrevocable, and the donor retains only advisory privileges over distributions
Question 3
What is the primary tax benefit of the bunching strategy for charitable giving?
Correct Answer:
It concentrates multiple years of charitable gifts into one year so the donor can itemize and exceed the standard deduction
Question 4
An IRA owner age 75 wants to make a 2026 qualified charitable distribution (QCD) directly from her traditional IRA to her favorite public charity. What is the approximate annual QCD limit per individual for 2026?
Correct Answer:
$$111,000
Question 5
A donor sells a parcel of land to a public charity for $200,000 when its fair market value is $500,000. The donor's basis is $100,000. What type of charitable transaction has occurred?
Correct Answer:
A bargain sale, with $200,000 sale and $300,000 charitable gift
Question 1
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About this Exam

Prepare with the CAP Practice Questions - CAP Chartered Advisor in Philanthropy Exam practice quiz. This question bank includes 100 questions covering donor, foundation, income, charitable, and private. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CAP Practice Questions - CAP Chartered Advisor in Philanthropy Exam

This practice set contains 100 questions from the matching question bank and focuses on donor, foundation, income, charitable, and private. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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