How should we end "Assistance Fund"?

We are a small 501(c)(19) veterans' organization that decided 9 years ago to set up an "Assistance Fund" to try to help vets. We want to dissolve the fund, but realize these are restricted gifts. 

We see three options:  1) Relax our criteria and make grants to a wider group;  2) Donate the funds to an organization with similar goals;  or 3) With donor approval, move the funds to another of our projects. 

What do you see as the pros and cons of each and any risks or pitfalls? Answer

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Question of the Week

March 3-10, 2015
Our school parent association, which is independent of the school district, is contemplating 501(c)(3) status. I need a clarification on what "gross revenue" is. The majority of our money is made through brochure sales from a fundraising company. Parents make their checks out to the Association, which in turn, pays the vendor for the total sales. The vendor then mails us a check for our profit portion, about 30%. What is considered our "gross revenue: 1) the total sales amount (because they are funneled through our bank account) or 2)...
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