What is the difference between restricted and unrestricted gifts?

Unrestricted gifts provide a funding source for UNM that is not limited to a specific program, college or department. These gifts are used where most needed throughout the institution, including resources to recruit top faculty, create scholarship programs and internship opportunities and enhance the overall academic life of the campus. On the other hand, restricted gifts are earmarked for specific purposes chosen by the donor, such as an endowed scholarship or professorship, program or building. Although both unrestricted and restricted gifts are welcome, unrestricted gifts are of critical importance because they allow the University to provide funding in the areas of greatest need to meet unexpected challenges, take advantage of unique opportunities and meet the many budget challenges of the current higher education environment.

FAQ Category:  Giving