Tag: tax-exempt status

Nonprofits and Restricted Funds

Written March 9, 2021 by Barbara Dillon

Categories: Financial statements, Nonprofit, Nonprofit accounting, Nonprofit financial reporting

Donors have the right to set restrictions on the donations they give to a nonprofit. Grant funders want to make sure their funds are spent on agreed-upon programs. Nonprofits have to ensure these funds are spent in a way that donors support.