Non-Profit
Quasi-Endowment Established by Board
The board votes to invest a portion of unrestricted reserves as a board-designated quasi-endowment.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Net Assets: Board-Designated (Quasi-Endowment) | Equity (+) | - | 100,000.00 |
| Net Assets: Unrestricted (Undesignated) | Equity (-) | 100,000.00 | - |
💡 Accountant's Note
A quasi-endowment is created by the board from unrestricted funds — not from donor restrictions. It can be undesignated by the board at any time, unlike true endowments which are permanently restricted.
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