Variance Power

A variance power is the authority granted to a ministry by a court with respect to the use of a giver-restricted gift. The term may also be used regarding the authority a ministry believes it has over a giver-restricted gift because of disclaimers or caveats communicated to givers relating to the use of gifts when under-funding or over-funding of a project or campaign occurs.

This text is provided with the understanding that ECFA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.