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Church/Project funds are created in accordance with the Funds and Grant-Making Policy for Churches and Projects. Church/Project funds are created for Reliant church/ministry partners to further Reliant's tax-exempt purpose. Monies from church/project funds may be used for Accounts Payable requests, internal fund transfers, Reimbursements and ERBs, and/or grants are used to distribute monies from those funds. (See Reimbursements vs. Grants for more details.)
Roles:
Affiliate Fundraiser is a foreign national raising funds through a church/project fund on behalf of Reliant. They must attend a Reliant training and become an officially approved deputized fundraiser. Affiliate Fundraisers are often also Designated Grantees.
Fund Custodian is desired to be a Reliant employee/associate assigned to be the main contact for the church/project fund and is required for all church/project funds. The Fund Custodian acts as a custodian of the fund, is responsible for the Fund Custodian has ultimate responsibility for the management of the fund and compliance with policy and standards, and in some cases including the requirements outlined in this standard and the Grant-Making Standard. The Fund Custodian acts as the primary point-of-contact for matters related to the fund. In some cases, the Fund Custodian may receive and distribute monies on behalf of the church/ministry. The Fund Custodian signs the a Master Grant Agreement on behalf of the church/ministry and acts as a representative for all parties associated with the church/ministry. The fund custodian should normally be a Reliant employee or associate. In rare exceptions, a vetted individual who is not a Reliant employee or associate may act as a Fund Custodian with appropriate approval.
Authorized Signer(s) is the individual(s) who is is authorized by the church/ministry to approve transfers, reimbursements, grants, and other payments from the church/project fund as outlined on the original church/project fund request form. Fund Custodians are typically also Authorized Signers. In many cases, the church/ministry designates one or more Authorized Signers in addition to the Fund Custodian.
Affiliate Fundraiser is a foreign national raising funds through a church/project fund on behalf of Reliant. They must attend a Reliant training and become an officially approved deputized fundraiser.
Designated Grantee(s) is a foreign national receiving monies distributed from the church/project fund in the form of a stipend and is required to sign a Stipend Agreement for ministry purposes relevant to the purpose of the church/project fund (See Grant-Making Standard for more details on stipend agreements) before grant disbursement can begin. Designated Grantees are often also . Designated Grantees may also be Affiliate Fundraisers.
Purpose:
The purpose of the requested fund must be determined to be in alignment with Reliant's tax-exempt purpose as outlined in the policy linked above. If Funds and Grant-Making Policy for Churches and Projects. The fund purpose is documented in the Master Grant Agreement (See below). If the agreed-upon purpose of the fund changes in the course of the life of the fund, an addendum to the Master Grant Agreement is Agreement is required.
Unrestricted Church Fund: The sole purpose of these designated funds (accounts) is to absorb leftover funds (money) monies from exited staff that were a part of their church/ministry (typically for residencies/internships) and use those funds exiting from Reliant, so that those monies may be redeployed to help support other staff at the same church/ministry who need assistance with raising support. These are unrestricted, non-revenue funds (accounts), and funds (money) only come in and out through internal transfers. (Exit In most cases, these unrestricted church/ministry funds are used in fixed-term programs. Monies in these funds are sourced only through internal transfers and not from outside donations. Exit transfers must follow the order of eligibility (outlined in Exiting MTD Funds Transfer) for exit funds distribution. ) Any Any partner within any program team may create an unrestricted church fund.
Restricted General Church/
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Ministry Funds: These funds receive donations from outside donors with the purpose of supporting the general activities and services of a given church or network of churches or other Christian ministries. In contrast with project funds, the restricted general church/ministry funds
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are broad in nature, used to support the ongoing activities and services of the church/ministry, and fund distribution tends to be determined by church leadership
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, subject to Reliant grant-making standards.
Restricted Project Funds: These funds receive donations from outside donors to help support specific projects that the church/ministry/network wishes to accomplish. In contrast to general church/ministry funds, project funds are more specific in nature and typically have a defined end date. The purpose of project funds can vary but they tend to be more specific with a focused purpose in mind.
Monies for all restricted church/project funds may also be supplied through internal transfers. Monies may be disbursed from restricted funds 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.
Fund purposes associated with Affiliate Fundraisers and/or Designated Grantees are explained below.
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Purposes Related to Affiliate Fundraiser and Designated Grantees Those restricted church/project funds |
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used for stipend distribution to Designated Grantees |
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by definition have a two-fold purpose: (1) to enable the church/ministry to expand its ministry activities through |
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the ministries activities of a Designated Grantee (2) to provide monthly stipends for those Designated Grantees. Reliant acknowledges that a Designated Grantee receives a stipend to fulfill the purpose of the fund through conducting the ministry activities outlined |
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in the Master Grant Agreement (see below), 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. | ||
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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:
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Fundraising:
- All contributions are the sole property of Reliant; Reliant maintains full control of the donated funds and ultimate discretion as to their use for Reliant’s ministry purposes.
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- Reliant’s desire is to honor the donor preference of the contribution but Reliant has complete discretion and control over the use of the donated funds as part of our 501(c)3 status. Designated contributions generally will be honored, but Reliant shall retain full discretion over the ultimate expenditure or use of those contributions and retains the right to discontinue funding at any time.
- Overfunding of the church/project fund resulting from any support-raising efforts (including those of the Affiliated Fundraiser/Designated Grantee) remains with the fund.
- Reliant will not issue refunds to donors from contributions received. In the unlikely event of a cancellation of the church/project fund purpose or plans or if a foreign national who had raised support as an affiliated fundraiser decided not to continue in the role of Designated Grantee for this project/church fund, Reliant will use the funds for other similar Reliant Mission activities beginning with those associated with the connected church/ministry.
Any Reliant employee/associate may raise funds on behalf of a church/project fund.
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