Which of the Following Would Be Accounted for as a Permanent

Multiple Choice

Which of the following would be accounted for as a permanent fund?

A) A gift of $65,000 to a school district, to be invested permanently, with the proceeds to be awarded as college scholarships to graduating seniors.
B) A gift of $65,000 to a school district, to be used for landscaping improvements.
C) A gift of $65,000 to a city to be invested permanently, with the proceeds to be used to buy books for the city library.
D) Both A and C