Special Purpose Fund

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Special Purpose Fund

Money set aside for a particular purpose. For example, a non-profit organization specializing in childhood development may designate a special purpose fund for subsidizing school lunches and another for after-school tutoring. It is rarely abbreviated "spfund."
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Eckhardt Rehberg, the chief budget lawmaker in Merkel's conservatives, is also sticking to the line that billions of euros still sit unused in various special purpose funds.
Meanwhile, automatic appropriations (for internal revenue allotment and net lending, among others) and special purpose funds (such as special shares to local government units and contingent fund, among others) will amount P1.346 trillion, accounting for 32.8 percent of the total.
Allotment releases from Special Purpose Funds (SPFs) also amounted to P21.1 billion, whilereleases from automatic appropriations amounted to P1.052 trillion.
The DBM also said money from the Special Purpose Funds amounted to P54.56 billion.
Direct co-investments into a portfolio company or investments in small co-investment or special purpose funds where control or consent rights exist can also be liability inducing.
He can take it from his billions of special purpose funds. We also have a standing call to President Aquino to allocate funds for immediate repatriation and to pay for immigration penalties and documentation for more than 4,000 stranded OFWs in Saudi Arabia," Monterona told a Philippine-based news agency.
It is likely that the remaining Ph1 trillion will mostly go to debt service payments and special purpose funds."
Among the activities not included are the Public Charter Schools, representing about 1.7 percent of the city's expenditures, and selected special purpose funds, representing about 1.3 percent of the city's expenditures.
We have also audited the consolidated balance sheets of the Special Purpose Funds of the National Education Association of the United States and subsidiary as of August 31, 1991 and 1990, and the related consolidated statements of activity and changes in fund balances for the years then ended.
Releases from Special Purpose Funds (SPFs) amounted to P21.1 billion or 5.4 percent of its net program.
To recall, DBM had said the following items cannot be covered by obligational authority, hence had been issued Saro based on agencies' special budget request: centrally-managed items chargeable against the reenacted budget; charges against pension and gratuity fund; as well as charges against other special purpose funds such as budgetary support to government corporations, miscellaneous personnel benefits fund, and contingent fund, among others.
Meanwhile, automatic appropriations, which include internal revenue allotment and net lending and special purpose funds, will account for 32.8 percent of the budget, or P1.346 trillion.

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