Contributions to a private not-for-profit may be restricted as to time,purpose or for plant acquisition.

Question

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Contributions to a private not-for-profit organization may have certain restrictions, such as being restricted as to time, purpose or for plant acquisition. This means that the donor may specify a time frame for the use of the contribution, limit the use of funds to a particular project or activity, or require the funds to be used for the acquisition of a particular asset, such as a building or piece of equipment.

Contributions to a Private Not-For-Profit May Be Restricted as to Time,purpose