To aid art institutions flailing in the face of an ever-deepening financial crisis, the Association of Art Museum Directors (AAMD) has loosened its guidelines on how its members can operate. In a ...

Around 80 percent of the endowment — which is made up of over 13,000 individual funds — is typically restricted to a specific program, activity, or school by its donor. Harvard administrators have ...

Ohio Attorney General Dave Yost has filed a complaint against Notre Dame College and 17 of its leaders, accusing them of illegally using restricted donor funds to pay off the school’s debt. The ...

Learn why nonprofits prefer unrestricted net assets for maximum operational flexibility and effectiveness in allocating resources to various programs and needs.

The financial crisis is prodding colleges and foundations to take advantage of a new law that allows increased flexibility in endowment spending, according to the results of a survey released today by ...

9:44 p.m. Oct. 10, 2024: This accountant’s report released Wednesday showing $5.7 million of donor-restricted funds were misspent in Fair Park was tweaked Thursday to remove any mention of who’s at ...

We are 90% funded by individual contributions. That means you create the reader-powered journalism that cuts through the noise, and delivers the trusted information Connecticut cares about. A lawyer ...

The village board voted unanimously at its Dec. 15 meeting to adopt a resolution creating a restricted fund dedicated solely ...

Discover what restricted assets are and their significance in companies, nonprofits, and governments. Learn how they work in ...

A lawyer for Stone Academy is objecting to plans by the Office of Higher Education to use a restricted student protection fund to pay for an audit intended to judge the validity of credits earned by ...