Which of the following would be accounted for as a permanent fund? Multiple Choice A gift of $500,000 to a city to be used for a new caretaker's residence at the local cemetery ( ) A gift of $500,000 to a city, to be invested permanently, with the proceeds to be distributed as scholarships. A that 850.000 A gift of $500,000 to a city, to be invested permanently, with the proceeds to be used to maintain the city cemetery An Intergovernmental grant of $500,000 to a city to be used for low income housing