Definitions for "Unrestricted Funds"
Resources of a not-for-profit entity that have no restrictions as to use or purpose. (See Fund Accounting and Restricted Fund .)
Funds having no requirements or restrictions as to use. Grants, contracts, and cooperative agreements typically are considered to be restricted funds.
These funds (also called Discretionary Funds) entrust the Foundation (or other charities or government entities) Board of Directors (Board of Trustees) with responding to changing needs and emergencies, to support the creation of innovative responses to community problems, and to enhance the quality of community life.