Understanding Restricted Funds

4 Questions  I  By Aschweitzer
Please take the quiz to rate it.

Understanding Restricted Funds
This brief quiz will test whether or not you understand the difference between permanently restricted, temporarily restricted, and unrestricted funds.

  
Changes are done, please start the quiz.


Questions and Answers

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
  • 1. 
    A foundation awards a grant for $150,000 for a capital campaign.
    • A. 

      Unrestricted

    • B. 

      Temporarily Restricted

    • C. 

      Permanently Restricted


  • 2. 
    A foundation awards $50,000 for use over two years for general operating support. 
    • A. 

      Unrestricted

    • B. 

      Temporarily Restricted

    • C. 

      Permanently Restricted


  • 3. 
    An individual gives $2,500 to pay for 5 students to participate in a camp run by the organization.
    • A. 

      Unrestricted

    • B. 

      Temporarily Restricted

    • C. 

      Permanently Restricted


  • 4. 
    An individual gives $100,000 to provide scholarships for campers in perpetuity from the interest and investment returns.
    • A. 

      Unrestricted

    • B. 

      Temporarily Restricted

    • C. 

      Permanently Restricted


Back to top

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz
We have sent an email with your new password.