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Page History
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| 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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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 grant-making, reimbursements, ERBs, Accounts Payable requests, and internal transfers, etc. 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 can be used to distribute monies for those funds.
Grants must be in compliance with all applicable laws, regulations, and Reliant standards including but not limited to:
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