If a donor were to contribute money with instructions that the funds be invested for a period of time and then released to be used for any purpose,this would be called a(n):

Question

Quizplus · Accepted Answer

A term endowment is a restricted gift that allows an organization to use the income generated from the investment for a specific period of time after which the principal can be released for any purpose. This differs from a permanent endowment, which requires the principal to be held in perpetuity, and a quasi-endowment, which is a term used for funds that are invested like an endowment but do not have the same donor restrictions. An unrestricted endowment allows an organization to use both the income generated from the investment and the principal for any purpose.

If a Donor Were to Contribute Money with Instructions That