Unrestricted Donation

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Unrestricted Donation

A donation in which the donor does not require a specific use. For example, when a donor makes an unrestricted donation to a non-profit organization, the non-profit, at its discretion, may use the donation for whatever purpose it chooses. See also: Restricted donation.
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Northbrook, IL announced it has provided unrestricted donations to two non-profit organizations that prove financial assistance to transplant patients to defray costs for certain medications and therapies.
For example, fundraisers needed to be assessed on the quantity and type of funds raised to support the organization's goal of raising $60 million or more of unrestricted donations annually.
That campaign finance reform law would ban soft money contributions - unrestricted donations from companies that political parties can use for such purposes as television commercials on behalf of candidates.
Even in the absence of tax advantages, unrestricted donations would flow to nonprofits rather than to for-profit firms because donations have a more significant influence on the decisions of the nonprofits.
The Foundation's unrestricted donations are individual contributions of about $100 on average, from individuals and families living in the community.
The EEF also takes 5 percent of any gift earmarked for a particular school or program and distributes those funds - along with any unrestricted donations - through a grant program that benefits all district schools.
Many relief organizations across the country are reporting moderate to hefty declines in unrestricted donations following the attacks of September 11.
200 opponents say that is crucial, but RAND officials say insurance companies are making unrestricted donations and cannot dictate how the money is spent.
As a non-profit organization, the League depends on contributions to its Annual Fund, a critical source of unrestricted donations and funds which primarily support the League's infrastructure, along with membership dues and event fundraising income.
Unrestricted donations provided through November will be applied to some of the 65 grants that have yet to be given funding, and donors can sponsor specific grants through December.
The cost of operating United Way previously had been supported primarily through unrestricted donations to the Impact Fund.

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