Welcome to Solomon!

Enter the Access Code below

Access code is invalid

Solomon Logo

For assistance, problems or questions, please email us.

solomon@reliant.org

Versions Compared

Old Version 64

changes.mady.by.user Dave Meldrum-Green

Saved on

compared with

New Version 65

changes.mady.by.user Dave Meldrum-Green

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

 

Excerpt

Ministry donations received by Reliant Mission belong to Reliant and under the control of Reliant. Reliant missionaries may request the Reliant Finance Department to transfer MTD funds internally out of the MTD missionary account for which they’re responsible, to another Reliant ministry account, including another missionary MTD account or Reliant church/project account.

Requests come from active missionaries and exiting missionaries. 

Note
titleDeadline for Transfer Requests

Transfer Requests from Exiting Missionaries must be received by the last business day in the month of exit.  If a transfer request is not received by this deadline, an appeal may be submitted to finance@reliant.org within 3 months of the missionary's exit, for a late transfer request to be considered.  Appeals that are submitted greater than 3 months from the missionary's exit date will not be eligible for consideration. 

Requests from Active Missionaries and Exiting Missionaries

Fill out the internal MTD Fund Transfer request form  below and email the completed form to finance@reliant.org. The following rules apply: 

  1. One approved MTD fund transfer request is allowed per year. If an internal MTD fund transfer request has already been approved in the year of exit, no other fund transfer may be approved upon exiting.
  2. The MTD account balance must be more than or equal to two months of the MTD goal plus the internal transfer amount requested. This rule does not apply to exiting missionaries or Associate missionaries.  
  3. Transfers cannot exceed $3,000 for MTD account to MTD account transfers. *see exception details below 
  4. Transfers cannot exceed $5,000 for MTD account to Dept account transfers (e.g. a Reliant designated account for a church or ministry.) *see exception details below 
  5. Director of Financial Operations and the Director of Organizational Affairs & Treasurer must approve all transfers made under this policy.

UI Button
colorblue
newWindowtrue
titleMTD Transfer Request Form
urlhttps://drive.google.com/a/reliant.org/previewtemplate?id=15sm1xwMswXKUf3NkoFEKfPflZruTMv4PHJsUz-Vvlj8&mode=domain

UI Button
colorblue
newWindowtrue
titleDepartment Transfer Request Form
urlhttps://drive.google.com/a/reliant.org/previewtemplate?id=18_Ese9reExTPepD-I4H9mu3kK_QbMoYCoOcVGzElvFQ&mode=domain

UI Button
colorblue
newWindowtrue
titleExiting Missionary Transfer Request Form
urlhttps://drive.google.com/a/reliant.org/previewtemplate?id=1gsomM_bkdawCdwXwRE2Je97_8h7Kb1j7jP_lUjIzgQw&mode=domain

Automatic Internal Fund Transfer Policy for MTD Accounts of Exiting Reliant Missionaries

When a Reliant missionary exits with a balance remaining in the MTD account they’re responsible for, the following policy will automatically apply toward the treatment of any remaining funds in the closed MTD account:

1. If at the date of exit the fund balance is $10,000 or more:

  1. Any amount over $10,000 is internally transferred within Reliant to the Reliant church ministry or project fund most closely associated with the missionary's ministry.
  2. The missionary may request an internal transfer amount per the above policy up to $5,000.
  3. The remaining account balance will be transferred to the Reliant Staff Ministries Fund upon final closure of the MTD account. (See Sections 3, 4 & 5 below for exceptions to this rule.)

The amount transferred to the Reliant church ministry fund will remain in that account, but can be accessed through the Reliant ministry grant process. If there is no obvious Reliant church or project ministry fund associated with the missionary’s work, Reliant management will determine the Reliant  fund that provides the closest reasonable match to the field ministry of the missionary. After the excess balance transfer is applied, of the remaining $10,000 balance, $5,000 is eligible for MTD fund transfer requests.  The remaining balance after approved MTD fund transfers have been made will be transferred to the Reliant Staff Ministry Fund. 

Example:

$14,000Remaining final balance in the MTD account of College Church Ministry/Sue Smith
($4,000)Excess of $10K internally  transferred to Reliant church ministry fund for ABC College Church Fund
$10,000Remaining balance after excess over $10K has been transferred - eligible for Sue Smith to request a MTD transfer, subject to general transfer policy.
($3,000)Sue Smith's request for MTD fund transfer to another Reliant account, approved by Reliant management.
$7,000Total remaining amount transferred to Reliant Staff Ministries Fund upon final closure of the MTD account. See Sections 3, 4 & 5 below for exceptions to this rule.
Note
If there was a previously approved MTD transfer request granted within the same calendar year that the missionary exited, no additional internal transfer request can be approved. Therefore, after the >$10K excess is internally transferred, the entire remaining fund balance will be internally transferred to the Reliant Staff Ministry Fund.

 

2.  If at the date of exit the fund balance is less than $10,000:

  1.  The missionary may request an internal transfer amount per the above policy up to $5,000.

  2.  After any approved MTD fund transfer request is applied, the remaining balance will be internally transferred to the Reliant Staff Ministry Fund.

Example:

$9,000Remaining final balance in MTD account of College Church Ministry/Ken Jones
($3,000)Ken Jone's request for MTD fund transfer to another Reliant account, approved by Reliant management.
$6,000Total remaining amount transferred to Reliant Staff Ministries Fund upon final closure of MTD account. See Sections 3, 4 & 5 below for exceptions to this rule.
Note
titleOne MTD Transfer Request Per Year Limit
If there was a previously approved MTD transfer request granted within the same calendar year that the missionary exited, NO additional transfer request can be approved. Therefore, the entire remaining fund balance will be transferred to the Reliant Staff Ministries Fund. 

Other Transfer Policies for MTD Accounts of Exiting Reliant Missionaries 


 3. Year-Long Reliant Missionary Intern Programs

If the missionary is involved in a one-year Reliant intern ministry program experience, where the church or ministry has a Reliant Ministry Project Fund and will have new missionary intern participants each year, the full amount remaining in the intern missionary MTD fund will be transferred directly to the specific corresponding Reliant Ministry Project Fund. However, this internal transfer to the corresponding Ministry Project Fund, will only take place AFTER the process and approval of any prior missionary MTD fund transfer requests from the missionary.

If there is no specific corresponding Reliant Ministry Project Fund, then any leftover MTD funds will the rules as set forth in Sections 1 and 2 above.

 

Note
titleImportant

*Pending Addendum - Transfer policy section #4 (below) has been proposed but has not received Board approval.  Therefore, this type of Transfer currently requires an exception process approval until it is officially adopted into policy by the Reliant Board of Directors. 

 

4. *Fully Funded ("One Check Donor") Missionaries 

 If a local church or ministry is the single donor to Reliant for the ministry of a missionary and the missionary is exiting Reliant employment, Reliant will generally contribute all remaining funds in the exiting MTD fund to another Reliant Missionary MTD/Dept. Fund(s), at the request of the leadership of the local church or ministry. This allows the local church or ministry to give additional donations to Reliant to keep the missionary fully funded without experiencing any shortfalls in paying salary, benefits or ministry expenses. It also keeps Reliant from having a negative balance in the missionary MTD account. If the local church or ministry does not request an internal transfer of the remaining funds into another Reliant Missionary MTD/Dept. Fund(s), Reliant will contribute the remaining funds in the exiting MTD fund back to the local church/ministry.

 5. Reliant Missionaries Transferring to Another 501(c)(3) non-profit ministry

Reliant will generally allow for the contribution of any remaining MTD missionary account funds to be contributed to the new ministry, mission agency or church, if the Reliant missionary is exiting and:

  1. Will be transferring their ministry employment to another 501(c)(3) non-profit ministry, mission agency or church that is using a dedicated 100% support-based deputized fundraising model (like Reliant). 
  2. The exiting Reliant missionary will be responsible to raise 100% ministry support for their new role.
  3. Anticipates that there will be an MTD account balance remaining upon their exit from Reliant
  4. The ministry, mission agency or church  provides adequate substantiation that they are a 501(c)(3) non-profit.

It is Reliant's desire to be generous when the missionary's exit is to a formal support based deputized mission agency role (like Reliant). 

If the ministry, mission agency or church that the Reliant missionary is transferring does NOT use a dedicated 100% support-based deputized fundraising model (like Reliant), then the missionary exit will follow our normal MTD funds distribution process as listed above where some of the funds may remain with Reliant. In these specific cases if the remaining fund balance at the date of exit is over $10,000, then: 

  1. Any amount over $10,000 will generally be allowed by Reliant to be contributed to the missionaries new ministry, mission agency or church. 

The Reliant missionary should contact hr@reliant.org to discuss the process of transferring employment to another ministry or church, and the process of contributing any remaining MTD fund balance to the new 501(c)(3) non-profit ministry or church.

 

 

...