change GL Account for a Fund?

Hi all- we have a new Dir of Finance here at Roundabout and he wishes a Fund, created in 2012, to be given a new GL Account number.  I am concerned as we have MANY pledges and gifts to this Board Capital Campaign Fund, and am not clear on the ramifications of doing this for him.

Does anyone have any ideas on the long term ramifications (or short term) of a change like this?

Would appreciate any feedback.

Thanks,

Lise