For assistance, problems or questions, please email us.
Page History
...
Restricted Church/Project Fund: The purpose of restricted general church/ministry funds (accounts) and restricted project funds (accounts) tends to be more general and fund distribution tends to be determined by church leadership. The purpose of project funds can vary but they tend to be more specific with a focused purpose in mind. These are restricted, revenue funds (accounts). Monies may come in through donations or internal transfers, and monies can go out through grants, AP requests, reimbursements, and internal transfers. Any partner within any program team may create a restricted church/project fund.
Those restricted church/project funds that include stipend distribution to Designated Grantees , should have a twoa two-fold purpose: to enable the church/ministry to expand its ministry activities through these Designated Grantees and allow for the training and spiritual formation of these Designated Grantees as they prepare for/serve in full-time ministry, and these monies would be used as a monthly stipend for those Designated Grantees. Reliant Reliant acknowledges that a Designated Grantee receives a stipend to fulfill the purpose of the fund through conducting the ministry activities outlined on the Master Grant Agreement, and due to these ministry activities, may not be able to devote time to other work activities sufficient to support the Designated Grantee's family, therefore Reliant recognizes that some of the funds may be used for personal expenses.
Info | ||
---|---|---|
| ||
If the purpose of a church/project fund includes supporting the funding of a Designated Grantee(s) stipend and/or if there is an Affiliated Fundraiser for the fund, the following applies:
|
...
Church/Project funds are created to receive donations, and grants are used to distribute monies for those funds. Therefore, a Master Grant Agreement must be signed at the time of submission of a new church/project fund request to ensure a proper understanding of grant use when monies are distributed.
...