The foundation receives, invests, administers, and disburses funds from donors who have a desire to support specific programs. A gift for current purposes is one that will be spent in its entirety over a finite period of time. Many gifts are intended for immediate spending for a specific project. Other current restricted funds consist of expendable gifts whose purpose is to fund recurring program needs on an ongoing basis.
A fund in the foundation is established for each gift that is restricted for a specific purpose, so those monies can be managed and spent according to the donor(s) instructions. All gifts of like restrictions can be deposited into the same foundation fund.