Corporate Insights: Modifying or Lifting Fund Restrictions
By EsqSocial Corporation 23/04/24
Restricted funds are monies donated or bequeathed to a charity or non-profit organization such as a museum that come with limitations imposed by the donor on the investment, management or use of the funds. Examples include a prohibition on spending principal or a requirement that funds be used only for a specified program. Such restrictions can make full use of the funds impracticable or impossible....
By: Bowditch & Dewey