More examples, some using "gifted" as an adjective, but some using "gifted" as part of a passive verb.

Some examples of "gift" being used as a verb, or as a verbal participle can be found here:

https://books.google.com/ngrams/graph?content=gifting+program%2Cgifting+assets%2Cgifting+process%2Cgifting+money%2Cgifting+plan%2Cgifting+land%2Cgifting+stock%2Cgifting+property%2Cgifted+assets%2Cgifted+money%2Cgifted+with+*%2Cwas+gifted+by&year_start=1900&year_end=2008&corpus=15&smoothing=3&share=&direct_url=t1%3B%2Cgifting%20program%3B%2Cc0%3B.t1%3B%2Cgifting%20assets%3B%2Cc0%3B.t1%3B%2Cgifting%20process%3B%2Cc0%3B.t1%3B%2Cgifting%20money%3B%2Cc0%3B.t1%3B%2Cgifting%20plan%3B%2Cc0%3B.t1%3B%2Cgifting%20land%3B%2Cc0%3B.t1%3B%2Cgifting%20stock%3B%2Cc0%3B.t1%3B%2Cgifting%20property%3B%2Cc0%3B.t1%3B%2Cgifted%20assets%3B%2Cc0%3B.t1%3B%2Cgifted%20money%3B%2Cc0%3B.t2%3B%2Cgifted%20with%20%2A%3B%2Cc0%3B%2Cs0%3B%3Bgifted%20with%20a%3B%2Cc0%3B%3Bgifted%20with%20the%3B%2Cc0%3B%3Bgifted%20with%20an%3B%2Cc0%3B%3Bgifted%20with%20great%3B%2Cc0%3B%3Bgifted%20with%20such%3B%2Cc0%3B%3Bgifted%20with%20that%3B%2Cc0%3B%3Bgifted%20with%20imagination%3B%2Cc0%3B%3Bgifted%20with%20second%3B%2Cc0%3B%3Bgifted%20with%20all%3B%2Cc0%3B%3Bgifted%20with%20more%3B%2Cc0%3B.t1%3B%2Cwas%20gifted%20by%3B%2Cc0

It seems that these usages are perfectly normal in the right context.

@riley
"requires" and "is" are more common than "require" and "are" in published books.

http://books.google.com/ngrams/graph?content=GAAP+require%2CGAAP+requires%2CGAAP+is%2CGAAP+are&year_start=1960&year_end=2008&corpus=15&smoothing=3&share=&direct_url=t1%3B%2CGAAP%20require%3B%2Cc0%3B.t1%3B%2CGAAP%20requires%3B%2Cc0%3B.t1%3B%2CGAAP%20is%3B%2Cc0%3B.t1%3B%2CGAAP%20are%3B%2Cc0

@ Chrissy

Since you are college educated at least get the facts straight:

http://random-idea-english.blogspot.co.nz/2014/01/random-thoughts-about-on-tomorrow.html

http://books.google.com/ngrams/graph?content=advocate+*_NOUN%2Cadvocate+for+the+*&year_start=1960&year_end=2008&corpus=15&smoothing=3&share=&direct_url=t2%3B%2Cadvocate%20%2A_NOUN%3B%2Cc0%3B%2Cs0%3B%3Badvocate%20violence_NOUN%3B%2Cc0%3B%3Badvocate%20policies_NOUN%3B%2Cc0%3B%3Badvocate%20role_NOUN%3B%2Cc0%3B%3Badvocate%20change_NOUN%3B%2Cc0%3B%3Badvocate%20groups_NOUN%3B%2Cc0%3B%3Badvocate%20general_NOUN%3B%2Cc0%3B%3Badvocate%20Ralph_NOUN%3B%2Cc0%3B%3Badvocate%20changes_NOUN%3B%2Cc0%3B%3Badvocate%20peace_NOUN%3B%2Cc0%3B%3Badvocate%20use_NOUN%3B%2Cc0%3B.t2%3B%2Cadvocate%20for%20the%20%2A%3B%2Cc0%3B%2Cs0%3B%3Badvocate%20for%20the%20child%3B%2Cc0%3B%3Badvocate%20for%20the%20rights%3B%2Cc0%3B%3Badvocate%20for%20the%20client%3B%2Cc0%3B%3Badvocate%20for%20the%20patient%3B%2Cc0%3B%3Badvocate%20for%20the%20poor%3B%2Cc0%3B%3Badvocate%20for%20the%20defence%3B%2Cc0%3B%3Badvocate%20for%20the%20needs%3B%2Cc0%3B%3Badvocate%20for%20the%20use%3B%2Cc0%3B%3Badvocate%20for%20the%20interests%3B%2Cc0%3B%3Badvocate%20for%20the%20elderly%3B%2Cc0

https://books.google.com/ngrams/graph?content=advocate+*_NOUN%2Cadvocate+for+the+*&year_start=1960&year_end=2008&corpus=15&smoothing=3&share=&direct_url=t2%3B%2Cadvocate%20%2A_NOUN%3B%2Cc0%3B%2Cs0%3B%3Badvocate%20violence_NOUN%3B%2Cc0%3B%3Badvocate%20policies_NOUN%3B%2Cc0%3B%3Badvocate%20role_NOUN%3B%2Cc0%3B%3Badvocate%20change_NOUN%3B%2Cc0%3B%3Badvocate%20groups_NOUN%3B%2Cc0%3B%3Badvocate%20general_NOUN%3B%2Cc0%3B%3Badvocate%20Ralph_NOUN%3B%2Cc0%3B%3Badvocate%20changes_NOUN%3B%2Cc0%3B%3Badvocate%20peace_NOUN%3B%2Cc0%3B%3Badvocate%20use_NOUN%3B%2Cc0%3B.t2%3B%2Cadvocate%20for%20the%20%2A%3B%2Cc0%3B%2Cs0%3B%3Badvocate%20for%20the%20child%3B%2Cc0%3B%3Badvocate%20for%20the%20rights%3B%2Cc0%3B%3Badvocate%20for%20the%20client%3B%2Cc0%3B%3Badvocate%20for%20the%20patient%3B%2Cc0%3B%3Badvocate%20for%20the%20poor%3B%2Cc0%3B%3Badvocate%20for%20the%20defence%3B%2Cc0%3B%3Badvocate%20for%20the%20needs%3B%2Cc0%3B%3Badvocate%20for%20the%20use%3B%2Cc0%3B%3Badvocate%20for%20the%20interests%3B%2Cc0%3B%3Badvocate%20for%20the%20elderly%3B%2Cc0

However "impacted" as an adjective seems to retain its original physical meaning:

http://www.google.co.nz/search?q=%22impacted%22&tbm=bks&lr=lang_en&dcr=0&gbv=1&sei=f67QWfamMsf_8gXuo6rQDA

http://books.google.com/ngrams/graph?content=equivalence%2Cequivalency&case_insensitive=on&year_start=1800&year_end=2008&corpus=17&smoothing=3&share=&direct_url=t4%3B%2Cequivalence%3B%2Cc0%3B%2Cs0%3B%3Bequivalence%3B%2Cc0%3B%3BEquivalence%3B%2Cc0%3B%3BEQUIVALENCE%3B%2Cc0%3B.t4%3B%2Cequivalency%3B%2Cc0%3B%2Cs0%3B%3Bequivalency%3B%2Cc0%3B%3BEquivalency%3B%2Cc0%3B%3BEQUIVALENCY%3B%2Cc0

Even in American books, equivalence is far more common.

@HS There is a long article on "wh" here:
http://en.wikipedia.org/wiki/Pronunciation_of_English_%E2%9F%A8wh%E2%9F%A9

I do remember being taught to pronounce "whether" as "hwether" at primary school in the 1950's ( SE England) ; but when I started work, I dropped it as being too affected and snobby. Technically though, "wh" is a digraph like "th" and "ch" and "ph".

@AC That seems about right; but perhaps someone will come up with an exception. Maybe I am wrong here, but are there not dialects (perhaps Somerset?) where there is some kind of an "r" sound (non-trilled) at the end of a word?