September 9, 2010   <<  Back to Glossary Email This      Printable Version   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 Challenge Grant Charity Community Foundation Corporate Foundation Corporate Giving Program Designated Funds Donor Advised Fund Endowment   Email This      Printable Version