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“TEAM JACK ZEMBSCHTRAVEL FUND APPLICATION FOR FUNDS It is the intended purpose of the Little People of America, Inc. “Team Jack Rematch Travel Fund to provide actual “outofpocket travel expenses
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Use of funds refers to a detailed report outlining how the funds raised by a company or organization will be allocated and utilized, typically in the context of fundraising activities.
Entities that raise capital through investments, loans, or public offerings are generally required to file a use of funds statement, particularly those that must comply with regulatory or legal requirements.
To fill out a use of funds statement, detail the intended categories of expenditure, allocate specific amounts to each category, and ensure the total matches the amount of funds raised.
The purpose of a use of funds statement is to provide transparency to investors and stakeholders about how their investments will be utilized, thereby enhancing accountability.
The report must include specific categories of expenditure, the projected amounts for each category, the overall purpose of the fund usage, and the expected timeline for the expenditures.
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