Unrestricted Fund definition
Examples of Unrestricted Fund in a sentence
At such time that the Advisors no longer wish to advise or are unable to advise, the Fund will become an Unrestricted Fund (or other as designated by the donor) of the Foundation to be advised by the Board of Directors and directed to the greatest needs of the community.
The purpose of this gift to the Unrestricted Fund is to financially support charitable needs in the community, as identified and addressed by the Board of Directors of the Foundation.
It is the intent of the Foundation to operate the Unrestricted Fund as an endowment fund, distributing 5% of the annual balance of the fund each year.
At such time that the Advisors no longer wish to advise or are unable to advise, the Fund will become an Unrestricted Fund [or other as designated by the donor] of the Foundation to be advised by the Board of Directors and directed to the greatest needs of the community.
All funds shall be deposited into the general operating account of the Unrestricted Fund, unless restricted by the donor.
Unrestricted Fund Balance should also be considered as a source of repayment.
The Unrestricted Fund of the Foundation is designated as the fund for use in Club fundraising activities, to pay Foundation expenses and from which charitable contributions shall be made.
Any budgeted funds not expended within sixty (60) days of the fiscal year end shall remain in the Unrestricted Fund.
Customer is aware premises of CHRONOS GLOBAL’s and CHRONOS GLOBAL's local agents, are under video surveillance and that it may be potentially recorded for security reasons.
I understand that all the donations that are raised through my fundraising efforts will be designated to the Unrestricted Fund at the Animal Rescue League of Boston and cannot be assigned to any specific program or cause unless otherwise agreed upon in advance.