Restricted Donations Clause Samples
Restricted Donations. The Foundation shall offer opportunities for Donors to make Restricted Donations as part of a Priority Campaign or as a General Donation Initiative only as consistent with an approved Intent to Fundraise Form, or as otherwise approved by the Department in advance in writing. If a proposed restriction is not consistent with Department policy or otherwise acceptable to the Department, the Foundation shall seek alternative terms and conditions for the Donation in consultation with the Donor and the Department.
Restricted Donations. Where a donor wishes funds to be used only for a specific purpose and Trustees agree that this purpose falls within the Trust’s objects, the funds will be added to or be used to create a Restricted Fund. Such funds may then only be used for this purpose and they will be separately accounted for within the Trust’s financial statements. Donors should be aware that this can be an inflexible way to donate and consider whether an unrestricted donation supported by a non-binding expression of wishes may be a more appropriate and flexible method of supporting the Trust’s objects.
Restricted Donations. If you have designated your donation for a specific purpose (e.g., a particular project or campaign), Socialising Angels C.I.C will make every effort to honour that request. However, if the designated project is fully funded or no longer active, we reserve the right to apply the donation where it is most needed.