He said: "Any charity running an appeal for a specific purpose is setting up a restricted fund
into which donations are made.
Finishing our sixth year, we are a restricted fund
under The Batavia Foundation for Educational Excellence, a 501(c)3 not-for-profit.
In 2008, the Houston Chapter signed on for an IREM Foundation Restricted Fund
and, recognizing the value of this resource, began heavily promoting the opportunity to earn scholarships at luncheons, on our website and on IREM course marketing, leveraging testimonials from previous scholarship recipients.
As a "restricted fund
" within DAV's National Service Foundation, the Trust has one sole purpose--to support DAV service programs at department and local levels where funding otherwise would not be available.
For example, a government reports its governmental expenditures at the functional level (i.e., general government, public safety, highway and streets), and has a grant for the police department with a restricted fund
balance of $1,000 and a road improvement grant with a restricted fund
balance of $500 at the end of the fiscal year.
The display of restricted fund
balances in capital project funds makes the limited use of those funds very clear to financial statement users.
The measure would require the money collected by the levy to be placed in a restricted fund
that could be used only for jail and juvenile detention purposes.
"If anyone would like to donate specifically to projects, facilities or individual service personnel in Wales, they can do so through a restricted fund
, just let our grants team know."
But the charity's chief executive has now said that a restricted fund
forWales will ensure donors' money goes only to Welsh servicemen and women in the future.
For nonspendable fund balance, the amount not in spendable form and the amount that must be maintained intact must be disclosed separately For restricted fund
balance, major restricted purposes should be disclosed.
Presently they have $50,000 in a CCRF restricted fund
and so they will have committed $325,000.