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Irreducible Fund Cemeteries

Oregon Revised Statutes 65.860

An irreducible fund cemetery is a nonprofit cemetery that exists solely to own or operate a cemetery or crematory or to bury and care for human remains. Such a cemetery uses the funds it receives from the sale of lots or burial space, cremations , donations, gifts, or other revenue for its operations. According to ORS 65.860 the principal cannot be reduced. The interest or income arising from these funds, must be exclusively devoted to the preservation and beautification of the grounds, buildings and property of the cemetery or for payment of debt for land purchases, building construction, or other improvements.

There were 31 irreducible fund cemeteries as of December 31, 2013.