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.
Funds held for the general purposes of the organisation, which can be spent on any activity that contribute to the organisation's stated objectives.
Normally found at community foundations, an unrestricted fund is one that is not specifically designated to particular uses by the donor, or for which restrictions have expired or been removed.
n. those gifts that donors have not directed for a specific purpose.
Monies with no requirements or restrictions as to use or disposition. Grants, contracts, and cooperative agreements are considered to be restricted funds, while gifts are usually considered unrestricted funds.
In the context of funding, those grants which do not specifically stipulate how the money is to be spent by the grantee.
Donations and/or contributions received by an association when the donor does not specify the terms of disposition. Such funds may be used by the association without limitation.
Funds not subject to external limitations and therefore available for operations of the current or future periods.
Funds held for the general purposes of an organisation, with no specific restriction on the purpose to which they are applied.