Unrestricted Gift Law and Legal Definition

Unrestricted gift is a gift made by a donor with no limitations on how the gift is to be used. Unrestricted gift is usually available for nonprofit organizations to use toward any purpose. It is a very convenient form of private support because it permits a nonprofit or charity to act with operational and intellectual flexibility based on its immediate need. Unrestricted gift is particularly vital for initiatives and projects for which other sources of funding may be unavailable or inadequate.