A Voluntary Health and Welfare Organization Received a $300,000 Contribution

A voluntary health and welfare organization received a $300,000 contribution on April 15,20X9,from a donor who stipulated the donation be invested permanently in stocks and bonds.The donor further stipulated earnings from the investments be spent according to the wishes of the governing board of the voluntary health and welfare organization.Earnings from the investments for the year ended June 30,20X9,amounted to $6,000.How would the voluntary health and welfare organization report this information for the year ended June 30,20X9?

A) Increase in net assets with donor restrictions of $306,000.
B) Increase in net assets with donor restrictions of $306,000,and a footnote disclosure explaining the nature of the restrictions.
C) Increase in net assets with donor restrictions of $300,000,and in net assets without donor restrictions of $6,000.
D) Increase in net assets with donor restrictions of $300,000,and in board-designated net assets of $6,000.