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Restricted Gifts

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Authors: Ken Hoffman
This brief argument against the use of restricted gifts originally appeared in Third Sector on August 9, 2001.
Last Modified
Aug 28, 2015
1283 times

Restricted Gifts: Issues to Consider Before Making or Taking a Gift for a Specific Purpose

Organizations/Sources: Pennsylvania Land Trust Association
A restricted gift of cash, land, easement or other property may only be used for a particular purpose rather than an organization’s general purposes. Both donor and donee need to be aware of the issues raised by limiting the use of a gift.
Last Modified
Apr 28, 2017
1571 times

The Restricted Gift Life Cycle, or What Comes Around Goes Around

Authors: John K. Eason
Organizations/Sources: Fordham Law Review
Excerpt from the introduction: "A given donor's interests become more pronounced, or at least her objectives become more particularly identifiable, when the donor makes her contribution in the form of a restricted gift. A restricted gift is one with respect to which the donor has specified certain terms and conditions that are to govern the administration and/or application of the gifted assets. The donor's interests, in this regard, include a general desire "[t]o be assured [that her] gifts will be used for the purpose for which they were given." The overriding issue is thus one of honoring donor intent. As time passes after the inception of the gift, the issue is often less favorably characterized as one of enduring and potentially unwise dead-hand control." 41 pp.
Last Modified
Sep 10, 2015
1307 times