For a charitable organization, corpus fund is of paramount importance.
Normally a corpus fund denotes a permanent fund kept for the basic expenditures needed for the administration and survival of the organization.
The corpus fund is generally not allowed to be utilized for the attainment of the purposes, but the interest/dividend accrued on such fund can be utilized or accumulated. But for all practical purposes corpus fund is a permanently closed fund with no strings or restriction for future application attached.
Rule for Corpus Donation
Corpus funds are generally created out of corpus donation.
A donation will be treated as corpus donation only if it is accompanied by a specific written direction of the donor. In the absence of any written direction of the donor, a contribution or grant cannot be transferred to the Corpus Fund.
CORPUS FUND DONATION WRITTEN FORMAT
Right Click below and Save to download the Written Direction Format for Local Corpus Donations
Right Click below and Save to download the Written Direction Format for FCRA Corpus Donations
