A donor pledges $100,000 to the Shakespeare Foundation to be used only to support the summer Shakespeare Theater-an event that has been held every summer for 38 years. This is an example of a

Question

Quizplus · Accepted Answer

This is a donor-restricted contribution because the donor has specified how the funds should be used, limiting them to support a specific event (the summer Shakespeare Theater). This restriction by the donor on how the funds can be used differentiates it from an unconditional or unrestricted contribution, where the funds could be used for any purpose by the organization.

A Donor Pledges $100,000 to the Shakespeare Foundation to Be