Yin,

Restricted and or unrestricted funds are exactly that. Some can be used for
anything you want(unrestricted), presumably related to the project for
which you got the grant. Some funds can only be used for materials, or
labor, or planning, etc, thus being restricted. The most common restriction
I have seen prevents the use of grant funds for operating support or
salaries. Some grants require a careful accounting report at the end of the
project, and the return of unused monies, which I guess would be another
restriction.

The granting agency should be able to tell you exactly what kind of funds
they provide and all the restrictions involved.

Good luck.

Mark Janzen
Registrar/Collections Manager
Edwin A. Ulrich Museum of Art
Martin H. Bush Outdoor Sculpture Collection
Wichita State University
(316)978-5850



             Yin Yoon
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                                       Restricted and Unrestricted Funds

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After one receives a grant, when deposited into your institution's account
it is deposited either as restricted or unrestricted funds.

Can anyone please tell me what is the difference between restricted and
unrestricted funds?

THANK YOU!!!

Yin Yoon, Education Manager
Petersen Automotive Museum
6060 Wilshire Boulevard
Los Angeles, CA 90036
Phone: 323.964.6347
Fax: 323.930.6642
www.petersen.org <http://www.petersen.org>

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