During the current year, the Finn Foundation, a nongovernmental not‐for‐profit organization, received a $1,000,000 permanent endowment from Chris. Chris stipulated that the income must be used to provide recreational activities for the elderly. The endowment reported income of $80,000 in the current year, and it was spent on recreational activities for the elderly. The foundation has adopted a policy to recognize donor‐restricted contributions whose restrictions are met in the same reporting period as contributions without a donor restriction. What amount of contribution revenue with donor restriction should Finn report at the end of the current year?

We are informed from the question that in the current year, the Finn Foundation, a nongovernmental not‐for‐profit organization, received a $1,000,000 permanent endowment from Chris.

We are further told that the endowment reported income of $80,000 in the current year, and it was spent on recreational activities for the elderly.

The amount of contribution revenue with donor restriction that Finn should report at the end of the current year should be the $1,000,000 gotten from Chris.