Not-for-profit organization

Reference no: EM132534808

A Not-For-Profit Organization (NFPO) received three cash donations:

a) SAR 10,000 from a donor who said it must be used only for research into a new method for treating substance abusers

b) SAR 14,000 from a donor who said it may be used for any purpose the trustees choose, but not until the following year; and

c) SAR 50,000 from a donor who said the gift must be maintained in perpetuity, with the income from it to be used for any purpose the trustees choose.

Reference no: EM132534808

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