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What is meant by variance power?

What is meant by variance power? Suppose that a charitable foundation receives a gift that the donor specifies must be used to support the college education of a particular individual. Of what relevance is variance power to how the foundation accounts for the gift?
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Variance power is nothing but it is a power which has been given or granted to any charitable or
foundations governing body to modify or impose any restriction or limit some condition for the...

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