Many charities set up one or more restricted funds. This is done most often to honour a donor's restriction request or to provide a way for donors to direct their gifts to a specific project or longer-term purpose outside of the General Fund. Though there are good reasons to set up restricted funds, the charity's leadership must understand that doing so sets up a special purpose charitable trust, which has several implications for the charity.

In this high-level webinar we will answer the most frequently asked questions about restricted funds:

• Should my charity set up restricted funds?
• What are the rules and implications of saying "yes" to setting up a special purpose charitable trust via a restricted fund?
• What is the importance of proper polices (e.g., a Donor-Restricted Gift Policy)?
• What is the difference between externally and internally restricted funds? 
• How can control be exerted through proper accounting and financial presentation for restricted funds?

Length: 22 mins 55 sec

Presenter: Gilbert Langerak

CCCC Members have unlimited, free access to this webinar. Non-members must purchase this webinar. Each order is valid for 14 days from the date of purchase and may be shared with any board or staff member within your ministry.

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