The institution$$s governing board decided to create an endowment from unrestricted funds, this is called a$($n$)\_\_\_\_\_\_\_\_\_\_\_\_\_$blank and the funds are classified as $\_\_\_\_\_\_\_\_\_\_\_\_\_$blank.

Multiple Choice

quasi$-$endowment, net assets with donor restrictions

endowment, net assets with donor restrictions

quasi$-$endowment, net assets without donor restrictions