Restricted Fund

Restricted Fund

Money that may be used only for a certain purpose. For example, a donor may give to a nonprofit, provided the donation is used exclusively to fund a scholarship for underprivileged children. Restricted funds must be accounted separately from an organization's other funds. It is a common type of restricted asset.
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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.
The Michigan Natural Resources Trust Fund is a restricted fund that was established in 1976 to provide funding for public acquisition of land for resource protection and outdoor recreation, as well as for public outdoor recreation development projects.
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.

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