Comment by kristjansson

For a quick institution specific overview, see “with donor restrictions” on page 20-21 (pdf page 21-22) of their most recent annual report[0].

I’d imagine “maintain and invest the original contribution in perpetuity” covers majority of the restricted funds, with use-specific restrictions in a distant but comfortable second. Since it’s Harvard, they probably also have more funky restrictions than the average bear (gifts of stock in kind with restrictions on timing of sale, voting, etc.).

[0]: https://finance.harvard.edu/files/fad/files/fy24_harvard_fin...