Which of the following terms is used to indicate that a donor provided a gift with explicit instructions that the gift is to be used for a specific purpose by the not-for-profit but the entire amount may be spent right away?

Question

Quizplus · Accepted Answer

Net assets with donor restrictions indicate that the donor has specified limitations on how the gift can be used. However, if the donor has explicitly provided instructions that the entire amount may be spent right away, it means that the not-for-profit has the authority to use the gift for a specific purpose without any restrictions. This situation is covered under net assets with donor restrictions.

Which of the Following Terms Is Used to Indicate That