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What is meant by variance power?

This question was answered on Jan 11, 2013. View the Answer
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...

This question was asked on Jan 07, 2013 and answered on Jan 11, 2013.

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