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Understanding Restricted Funds

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

  
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Question Excerpt

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1.  An individual sends a check for $3,000 to support the nonprofit’s work. 
2.  A nonprofit sends an appeal to its donors seeking funds to support the expansion of its legal services program.
3.  A foundation awards a grant for $150,000 for a capital campaign.
A.
B.
C.
4.  A foundation awards $50,000 for use over two years for general operating support. 
A.
B.
C.
5.  An individual gives $2,500 to pay for 5 students to participate in a camp run by the organization.
A.
B.
C.
6.  An individual gives $100,000 to provide scholarships for campers in perpetuity from the interest and investment returns.
A.
B.
C.
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