Restricted Gifts definition
Examples of Restricted Gifts in a sentence
Restricted Gifts – The Foundation uses the term “restricted gift” to refer to gifts the donor requires to be expended for a specific purpose.
Restricted Gifts that are valued at greater than or equal to $100,000.
The term “Complex Gifts” shall include Restricted Gifts and any gift that involves a written agreement, gifts that obligate the Diocese in some way or impose current or potential future liability on the Diocese in some way, and gifts that have a deferred realization of value, including without limitation interests in closely held businesses, interests in real property and certain planned gifts.
The term “Unrestricted Gifts” shall mean and include all gifts other than Restricted Gifts (including, without limitation, Solicited Gifts).
Notwithstanding the foregoing, Restricted Gifts, as defined in Section 6.d, may be used only in accordance with applicable restrictions.
Restricted Gifts that are (i) inconsistent with the teachings or mission of the Catholic Church, or (ii) inconsistent with a publicly stated mission, purpose or goal of the Diocese or Related Institution.
Each of the Diocese and Related Institutions acknowledge the right of donors to restrict the use of gifts for appropriate purposes and, if accepted in accordance with this Policy, agree to at all times use Restricted Gifts for their designated purposes.
If in any year HFI receives Restricted Gifts that are donor-restricted to go to BHS (including gifts that are restricted to BHS but may be used by BHS for unrestricted means) during that year and the total of such Restricted Gifts exceeds $610,000.00, then BHS shall be entitled to receive the total amount of such Restricted Gifts, notwithstanding that the total amount exceeds $610,000.00.
All Restricted Gifts to BHS that have a specific purpose (i.e. that are not gifts restricted to BHS for BHS to use for unrestricted means) must be approved by BHS’s Gift Acceptance Committee before HFI can agree to accept the restricted gift.
Restricted Gifts will be accepted for the designated purpose (i) upon approval by the President/CEO; and (ii) provided that the intended purpose is in accordance with existing NHA policy and mission.