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Page History
| Policy Name: | Funds and Grant-Making Policy for Churches and Projects |
|---|---|
| Relevant Standards: | Church and Project Fund Standard, Grant-Making Standard |
| Creation Date: | 8/23/2023 |
| Last Review Date: | Board Approved on 11/7/23 |
Purpose
Provide guidance on establishing and utilizing project and church funds and distributing monies from those funds using grants.
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Unrestricted Church/Ministry Funds: The sole purpose of these designated funds is to absorb leftover monies from staff 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. In most cases, these unrestricted church/ministry funds are used in fixed-term programs.
Restricted General Church/Ministry Funds: These funds receive donations from outside donors with the purpose of supporting the general activities and services of a given churchg church or network of churches or other Christian ministries. In contrast with project funds, the restricted general church/ministry funds 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, subject to Reliant grant-making standards.
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Fund Custodian: is responsible for the management of the fund and compliance with policy and standards, acts as the main contact for the church/project fund, and is required for all church/project funds. The The fund custodian should normally be a Reliant employee /or associate, however, exceptions can be made . In rare exceptions, a vetted individual who is not a Reliant employee or associate may act as a Fund Custodian with appropriate approval.
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Church and project funds are utilized to finance ministry projects and activities that are not typically financed through Ministry Team Development (MTD). Monies from funds are disbursed through the grantmaking process. The grant-making, reimbursements, ERBs, Accounts Payable requests, and internal transfers. The establishment and disbursement of church and project funds must be consistent with, and further, Reliant's tax-exempt purposes in a matter compliant with applicable laws and regulations and in accordance with the information outlined below.
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Church and project funds are established only for confirmed Reliant ministry partners. A church/ministry is a partner with Reliant upon the execution of either a Memorandum of Understanding (MOU) when the partner intends to engage Reliant for employment of field staff or a Non-Employment Partnership Memorandum of Understanding when the partner intends to engage Reliant through project or church funds without employment of field staff.
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Church/Project funds are created to receive donations, and grants are used can be used to distribute monies for those funds.
The grant Grants must be in compliance with all applicable laws, regulations, and Reliant standards including but not limited to:
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