An Olympic medalist swimmer who grew up in the city contributed $750,000 to the city stipulating that the money be invested and that the earnings thereon be used for maintenance of the swimming complex. The $750,000 would most appropriately be recorded in a(an):

Question

Quizplus · Accepted Answer

The $750,000 donation is intended to be invested and the earnings thereon be used for maintenance of the swimming complex. This aligns with the definition of a Permanent Fund, which is used to make investments to support a government's ongoing activities.

An Olympic Medalist Swimmer Who Grew Up in the City