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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Booster Club Investment Policy: Safeguards for Reserves, Restricted Gifts, and Recognition Funds
A booster club investment policy is the written framework that governs how your organization holds, invests, and spends its financial assets — and, critically, which categories of funds carry restrictions that constrain how earnings can flow. For most booster clubs, the policy applies to three distinct fund types: general reserves that must stay accessible for operations, restricted gifts that a sponsor or donor designated for a specific purpose, and recognition funds set aside to support awards, digital hall of fame programs, trophy cases, and other multi-season athletic recognition commitments.
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