Purpose Restricted Release

Yes – we release the amount a given fiscal year from the pledge.   And yes as capital can be released – we unrestrict the gift/pledge by amount now in operation.

Hello,

There seems to be very little on the forum and from previous conferences on Purpose Restrictions and I am wondering how other organizations handle this area.

Tessitura suggests that you use Fund to restrict a donation for Purpose. But how do various companies deal with the partial release of restrictions of these funds?

Here's an example: A donor gives 50k of purpose restricted funds, but only 10k of it is released in this fiscal (aka used). Do you adjust the gift so 40k is now in the purpose restricted fund and 10k is in an unrestricted fund?

It also seems that the same question applies to Capital restricted funds, so information on how people handle that area would also be helpful in this situation.

Thanks!

Amy Beth

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Yes – we release the amount a given fiscal year from the pledge.   And yes as capital can be released – we unrestrict the gift/pledge by amount now in operation.

Hello,

There seems to be very little on the forum and from previous conferences on Purpose Restrictions and I am wondering how other organizations handle this area.

Tessitura suggests that you use Fund to restrict a donation for Purpose. But how do various companies deal with the partial release of restrictions of these funds?

Here's an example: A donor gives 50k of purpose restricted funds, but only 10k of it is released in this fiscal (aka used). Do you adjust the gift so 40k is now in the purpose restricted fund and 10k is in an unrestricted fund?

It also seems that the same question applies to Capital restricted funds, so information on how people handle that area would also be helpful in this situation.

Thanks!

Amy Beth

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!