For the year ended June $30,20$X$9,$ a private college received contributions from alumni that were restricted for faculty research stipends to be awarded during the next fiscal year. For the year ended June $30,20$X$9,$ these contributions should be disclosed on the statement of activities of the private college as an increase in:

Group of answer choices

temporarily restricted fund balance.

deferred revenues.

the fund balance of the restricted current fund.

net assets with donor restrictions.