Definitions for "Designated Funds"
These are funds our Board of Trustees has flagged to be spent only in a certain way or for a certain purpose. See also: Restricted Funds
Current operating funds that have been limited for a specific purpose by specific action of the Board of Regents or by an administrative unit of the University authorized by the Board to designate funds. Gifts are considered designated funds if the funds are available for current operating expenditures by one or more organizational units of the University and the donor has not restricted the use of the funds to a specific activity or purpose.
Monies or funds assigned for a specific purpose or designated for investment by a specified person or in a specified way or at a particular time