7.8.9 Restricted Gift

Donated money specifically designated as to both purpose and recipient by the donor, e.g.,  $200,000 to fund summer research student stipends in chemical engineering, $5,000 to purchase a specific item for evolutionary biology research, or $50,000 to the office of the Dean of the Graduate School to be used to recruit geology students who also play the tuba.  The relevant decision-makers and budget managers have very little or no discretion regarding the use of restricted gifts. Compare “designated gifts”.

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