September 10, 2010   <<  Back to Glossary of Terms   Discretionary Funds Grant funds distributed at the discretion of one or more trustees, which usually do not require prior approval by the full board of directors. The governing board can delegate discretionary authority to staff.   RELATED ITEMS Advisory Board Altruism Annual Report Assets Bequest Board of Directors Challenge Grant Charitable Giving Plan Charitable Lead Trust Charitable Remainder Trust Charity Community Foundation Corporate Foundation Corporate Giving Program Designated Funds Donee Donor Donor Advised Fund Donor Designated Fund Endowment            37 W. Broad St. Suite 800 • Columbus, Ohio 43215 • 614.224.1344