Earmark

To designate or set aside something, typically funds, for a specific purpose or recipient. This act implies a commitment and ensures the allocated resource is used only as intended. Earmarking provides transparency and accountability in resource allocation, preventing funds from being used elsewhere. It often appears in financial contexts, such as government budgeting, but also applies to any situation where specific allocation is required. Earmarks are designed to prevent funds from being misappropriated or used for unintended purposes and can be a crucial part of a successful financial plan. The act of earmarking is a declaration of intent to allocate resources in this manner and also to ensure that the resources remain within the specific boundaries.

Earmark meaning with examples

• The city council decided to earmark a portion of the budget for improving the local park, ensuring its renovation. This specific allocation provided the green space with much-needed resources and guaranteed the improvement. This was done instead of letting it get lost in the general budget fund.
• Philanthropists **earmarked** a significant donation to fund a new research lab. Their support specifically supported the construction and operation, and provided a tangible benefit to scientific progress. Their commitment to the research project ensured resources would be used directly for these goals.
• The company **earmarked** the profits from its summer promotion for employee bonuses. This guaranteed rewards for the hard work of their team during the busy season, a significant benefit to company morale. The action was received with positive support.
• The government **earmarked** funds to support small businesses affected by the recent economic downturn. This provides crucial assistance to those in need, strengthening economic stability and providing for a safety net.
• The school board voted to earmark money for new textbooks. These resources addressed the immediate need for updated learning materials, benefiting the students and their parents. This ensured funding was not diverted elsewhere.