Booster Club Restricted Funds Policy: Track Donor Intent From Gift to Recognition
Intent: research A booster club restricted funds policy is a written governance document that defines how the organization accepts, records, segregates, approves spending from, and reports on gifts designated for a specific purpose. When a donor contributes funds earmarked for a new scoreboard, a family establishes a named scholarship in an athlete’s memory, or a local business sponsors the installation of a digital recognition display, each gift carries an intent the organization is obligated to honor. Without a formal policy, restricted funds are routinely commingled with unrestricted operating money, recognition commitments go untracked, and the organization cannot demonstrate to donors, school administrators, or auditors that designated gifts were spent as directed.
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