For assistance, problems or questions, please email us.
Page History
Excerpt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Ministry donations received by Reliant Mission belong to Reliant and under the control of Reliant. Reliant missionaries may request that Reliant 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.
Requests from Active Missionaries and Exiting MissionariesFill out the internal MTD Fund Transfer request form below and email the completed form to payroll@reliant.org. The following rules apply:
Requests for a Department TransferDepartment transfer requests are not subject to the same requirements as an MTD transfer request. It must, however, be either submitted by or approved by the appropriate signer for the department/ministry fund. If the requester submitting the form does not know who the department signer is, contact accounting@reliant.org for assistance.
Automatic Internal Fund Transfer Policy for MTD Accounts of Exiting Reliant MissionariesWhen a Reliant missionary exits with a balance remaining in the MTD account they’re responsible for after all other expenses have been paid, the following policy will automatically apply toward the treatment of any remaining funds in the closed MTD account: 1. If the fund balance is less than$10$15,000:
2. If the fund balance is greaterthan $10than $15,000:
Example:
Other Transfer Policies for MTD Accounts of Exiting Reliant Missionaries3. Reliant Missionary Intern/Residency ProgramsIf the missionary is involved in a one-year or fixed-term 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 or each fixed-term, the full amount remaining in the intern missionary MTD fund will be transferred directly to the specific corresponding Reliant Ministry Project Fund. If there is no specific corresponding Reliant Ministry Project Fund, then any leftover MTD funds will be transferred according to the rules set forth in Sections 1 and 2 above. 4. Fully Funded ("One-Check Donor") MissionariesIf 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 transfer 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 refund the remaining funds in the exiting MTD fund back to the local church/ministry. 5. Reliant Missionaries transferring into a 100% support-based role at another 501(c)(3) ministry(NOTE: this does not apply to Missionaries who qualify under Sections 3. and 4. above)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). The Reliant missionary should contact payroll@reliant.org by the 16th day of the month of exit 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) nonprofit ministry or church. 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:
6. Reliant Missionaries transferring into a support-based role at another 501(c)(3) ministry (not 100% support-based role)(NOTE: this does not apply to Missionaries who qualify under Sections 3. and 4. above) 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). The Reliant missionary should contact payroll@reliant.org by the 16th day of the month of exit 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) nonprofit ministry or church.
Example for when the receiving 501(c)(3) does NOT use a dedicated 100% support-based deputized fundraising model:
|
...