8/25/2021
Explaining Unrestricted Funding in the Philanthropy World | Sylvester Knox | Philanthropy
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Explaining Unrestricted Funding in the Philanthropy World by Sylvester Knox | Aug 24, 2021 | Blog, Philanthropy
The world of philanthropic funding is very complicated and filled with a lot of rules on how the money can be used. Although there are a lot of grants and donations available for nonprofits, it can be difficult to understand how they work. This article explains the unrestricted funding system. Some unrestricted funds come with restrictions, such as the need to follow certain guidelines. Others come without restrictions, relying on the good judgment of the heads of the non-profit organization.
Unrestricted Funds With Limits Some unrestricted funding comes with restrictions. Typically, unrestricted funding comes with a cap on how much can be spent on certain projects. A lot of universities, for example, receive some types of unrestricted funding, but they are usually limited by how much can be spent on research. One of the most prominent limitations that a fund can come with is that it must be used by the organization for specific purposes. https://sylvesterknox.org/explaining-unrestricted-funding-in-the-philanthropy-world/
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