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It is important to know if there are any restrictions on the use of grant funds...

It is important to know if there are any restrictions on the use of grant funds to generate income or the use of the income generated. How would you go about trying to find out if restrictions exist?

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Answer #1

Only donor can decide to pose restrictions on the use of the fund, it can be for any specific purpose or program for which the funds to be used. Donor can inform about the same by way of a letter sent along with the donation , or by way of proper agreement with the organisation or insititution.

It is not only a moral liability of the institution to utilize the funds towards given purpose, but it is also legally binding on them. If the Organisation uses the funds for any purpose other than the directed one, the donor can ask for refund of the same.

Many organisations provide separately in their donation forms for the specific pruposes if anyone wish to donate like for orphans, for education , for disaster mitigation etc. . So, one can find out the restrictions from there as well.  

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