Private colleges and universities report term endowments as net assets with donor restrictions until the term has expired.

Question

Quizplus · Accepted Answer

Private colleges and universities do report term endowments as net assets with donor restrictions until the term has expired. This means that the donor has specified certain conditions under which the funds can be used and until the term of these restrictions has ended, the funds cannot be spent elsewhere.

Private Colleges and Universities Report Term Endowments as Net Assets