What does “Restricted funds” mean in grants?
Money given for a specific purpose or time period. You can spend it freely within that purpose. The restriction only limits what it pays for.
A common mix-up
What people assume: Money you can't use.
What it means in grants: Money you can spend, on the purpose the funder named.
Go further
The full guide: The vocabulary, defined plainly.
Look up any other term in the grant glossary.
Find grants you qualify for.
Quillify searches open grants and drafts the proposal from your own documents. Browsing is free.