Non-Profit
Establishing a Permanent Endowment
Recording a gift where the principal must be kept intact forever.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Endowment Fund (Cash) | Asset (+) | 100,000.00 | - |
| Contributions (Permanently Restricted) | Revenue (+) | - | 100,000.00 |
💡 Accountant's Note
The principal is restricted forever. Usually, the investment income generated by this cash is used for operations.
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