Restricted Funds

Restricted Funds are funds used by an organisation that are restricted or earmarked by a donor for a specific purpose, which can be extremely specific or quite broad, for example, endowment or pensions investment; research in the case of donations to a charity or research organisation; or a particular project with agreed terms of reference and outputs such as to meet the criteria or terms of the donation or award or grant. The source of restricted funds can be from government is that restricted funds are ring-fenced and must not be used for any other than their designated purpose.

Updated On: 09.10.04