The loan fund may have been established by government grant, or restricted donation. If the monies are to be used to lend to students in perpetuity, the equity would be listed as permanently restricted.
It is also possible that a temporarily restricted donation established the fund.
If restricted donations are the source of additions to the unexpended plant subfund, then its equity will be classified as temporarily restricted.
If the monies have not as yet been used for repayment, that portion of the subfund associated with these restricted donations must be classified as temporarily restricted.
Discovering the power of restricted donations
, she agreed to give to Johns Hopkins University Medical School only if it agreed to admit women on completely equal footing with men.
The REDUCE Act would also tax large restricted donations
. Those donations, which donors say can only be spent on certain departments or causes, make it difficult for schools to direct endowment funds to different areas of need, like financial aid, say endowment defenders.
Golemme, a member of the Massachusetts Bar Association's Taxation Law Section and a lawyer with Taylor, Ganson & Perrin LLP in Boston, said that with restricted donations
, a charity is generally obliged to comply with those restrictions or not accept the property if it cannot comply.
Mullaney's annual compensation of $678,058 was paid from temporarily restricted donations
from Wang, according to Smile Train's Form 990.
The amounts were drawn from restricted donations
to the diocese's "Future Full of Hope" fund and from a collection for overseas missions.
Are we, as a society, willing to put healthy people at risk, regardless of the altruistic benefit they receive?" That concern, Ross said, is the reason why the vast majority of US living-donor transplant programs have restricted donations
to those with close family or emotional ties to the patient.
In addition to reducing the number of restricted donations
, UWPV is making strides in garnering a younger constituency.
But, a positive common thread is the restricted donations
continue to be strong.