As a charity, you may prefer unrestricted donations, as you can determine how to best use those funds at your own discretion. However, you may come across a restricted fund donation when a donor wishes to restrict their gifts for a specific purpose, such as leaving a legacy gift.
Continue ReadingIn the spirit of giving, who better recognizes the value of donations than registered charities and not-for-profit organizations (NPOs) themselves? Often, NPOs and registered charities help other registered charities reach their objectives. For instance, a local pet shelter may donate to Vets Without Borders because they recognize the importance of the work they do.
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