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Understanding Restricted Funds

4 Questions
Understanding Restricted Funds

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

Questions and Answers
  • 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