Are donations restricted for use other than current operations allowed for withdrawal?

Donations that are restricted for use other than current operations are typically not allowed for withdrawal for operational purposes. This is because restricted donations are designated by the donor for specific purposes, such as funding a particular project or program, rather than for general operational costs. The restrictions are put in place to ensure that the funds are used in accordance with the donor's intent.

Organizations are generally required to adhere strictly to these restrictions to maintain compliance with accounting standards and ethical practices. Failing to comply with the terms of the restrictions can not only damage the organization’s relationship with the donor but may also have legal and financial repercussions. Hence, funds that are earmarked for specific uses should not be diverted to cover operational expenses without proper authorization or a modification of the restrictions from the donor.

The other options suggest scenarios where withdrawals might be permissible, which could indicate a misunderstanding of the nature of restricted funds and the obligation of the organization to honor the donor's intent.