unrestricted bequests put into endowment but as board-designated endowment so may be recharacterized in future and used for operating or other purposes; if donor restricts bequest to endowment, we honor that and funds are place in permanent endowment
unrestricted bequests put into endowment but as board-designated endowment so may be recharacterized in future and used for operating or other purposes; if donor restricts bequest to endowment, we honor that and funds are place in permanent endowment