Permanently Restricted Funds

Permanently Restricted Funds

In a non-profit's year-end financial statement, money that may not be spent at any time except for specified purposes. Permanently restricted funds are expected to last over the long term. See also: Temporarily restricted funds.
References in periodicals archive ?
On the other hand, GASB requires even more separation between activity types, including specific groupings for budget activity (unrestricted current funds), temporarily restricted gift funds (restricted current funds), nonoperating funds (primarily state/governmental appropriations), plant/facility/ capital activity, loan fund activity (public debt issuance activity), and the endowment or permanently restricted funds.
In addition, the university's balance sheet continues to exhibit improving strengths with strong growth in both available and permanently restricted funds.
Liquidity is bolstered by temporary restricted funds of $28 million, which represents the gain on the permanent endowment, and permanently restricted funds of $38 million.