Which of the following terms is used to indicate that a donor provided a gift with explicit instructions that the gift is to be used for a specific purpose by the not-for-profit but the entire amount may be spent right away A. Board-designated net assets
B. Permanently restricted net assets
C. Endowment assets
D. Temporarily restricted net assets.
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Home » Business » Which of the following terms is used to indicate that a donor provided a gift with explicit instructions that the gift is to be used for a specific purpose by the not-for-profit but the entire amount may be spent right away A.