Non-Profit
Expiration of a Term Endowment
Releasing funds from restriction because a specific timeframe (e.g., 20 years) has passed.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Net Assets Released (With Restrictions) | Equity (-) | 15,000.00 | - |
| Net Assets Released (Without Restrictions) | Equity (+) | - | 15,000.00 |
💡 Accountant's Note
Unlike permanent endowments, term endowments allow the principal to become unrestricted after a certain date or event.
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