At the beginning of 2020, a donor makes a documented promise to contribute $100,000 to a private NFP organization at the end of 2021. The donor says the contribution may be used for any purpose and follows through on his promise at the end of 2021. The appropriate interest rate is 4%. The promise is considered fully collectible. Now assume the donor requires that the contribution be used for a specific program. The $100,000 collected at the end of 2021 is used for program activities in 2022. How does this change the reporting for this contribution in 2020 and 2021?

	A.	No difference in 2020, but an entry to record net assets released from restrictions is not made when the donation is made at the end of 2021.
	B.	Promises of contributions that are donor-restricted to specific uses are not recorded until the contribution is received. The entry at the end of 2021 increases net assets with donor restrictions.
	C.	The reporting is the same; time and use restrictions are reported the same way.
	D.	The contribution is now a use restriction, and contribution revenue at the beginning of 2020 therefore is reported at its gross amount instead of at present value, as an increase in net assets with donor restrictions. Collection of the promise in 2021 reduces the receivable already on the books, but net assets are not released until 2022.