What Is an Employee Savings Plan (ESP)?

An Employee Savings Plan, or ESP, is a retirement savings account that is offered by an employer. Employees can contribute to their ESP on a pretax basis, and the employer may also make contributions. The money in an ESP can be used to purchase a variety of investment products, including stocks, bonds, and mutual funds. … Read more

What Is a Benefactor?

A benefactor is a person who makes a charitable donation, typically of money, goods, or services, to a person, organization, or cause. What is a gift of money called? A gift of money is called a donation. What are the 5 types of donation? There are many types of charitable donations, but the most common … Read more