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On January 31, 20X1, a nongovernmental not-for-profit entity (NFP) received a $2 million gift. The donor specified that the gift be invested in perpetuity. The

On January 31, 20X1, a nongovernmental not-for-profit entity (NFP) received a $2 million gift. The donor specified that the gift be invested in perpetuity. The donor did not restrict the investment return. But the Uniform Prudent Management of Institutional Funds Act (UPMIFA)

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