Funds that are restricted for a certain number of years and then released are considered to be term endowments and are classified as temporarily restricted funds.

Name: Funds that are restricted for a certain number of years and then released are considered to be term endowments and are classified as temporarily restricted funds.
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Question

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Term endowments are restricted funds that are released after a certain number of years, and during that time, they are considered temporarily restricted.

Funds That Are Restricted for a Certain Number of Years