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Fund Custodian has ultimate responsibility for the management of the fund and compliance with policy and standards, including the requirements outlined in this standard and the Grant-Making Standard. The 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 a Master Grant Agreement on behalf of the church/ministry and acts as a representative for all parties associated with the church/ministry. The The fund custodian should normally be a Reliant employee or associate. In rare exceptions, a vetted an individual who is not a Reliant employee or associate may act as a Fund Custodian after being vetted to the same degree as a Reliant associate and with appropriate approval. The Fund Custodian agrees to receive training/tutorials on forms, processes, and procedures for grant requests.
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Fund purposes associated with Affiliate Fundraisers and/or Designated Grantees are explained below.
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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.
- For contributions to a Reliant fund to qualify as tax-deductible, they must be intended by the donor for use by Reliant Mission and the church/ministry and are not personal gifts for any individual, including any individual associated with the fund. Donations to Reliant must not be channeled to individuals for their personal inurement apart from a pre-approved ministry purpose for a Reliant-approved church/project and ministry partner.
- Overfunding of the church/project fund resulting from any support-raising efforts (including those of the Affiliated Fundraiser/Designated Grantee) remains with the fund.
- If any individual associated with the church/project fund moves to another church/ministry, the funds do not follow the individual. Instead, the funds remain as temporarily restricted for the purpose to which they were originally donated, unless they are redirected in accordance with the following bullet.
- Designated contributions generally will be honored, but Reliant shall retain full discretion and control over the ultimate expenditure or use of those contributions and retains the right to discontinue funding at any time.
- Consistent with Reliant's tax-exempt qualification as a 501c3 nonprofit organization, Reliant will not issue refunds to donors from contributions received. In the unlikely event of a cancellation of the purpose or plan originally associated with a church/project fund, or if a foreign national who had raised support as an Affiliated Fundraiser decided not to continue in that role, or if a Designated Grantee changed roles, Reliant will retain control of monies in the church/project fund and, as a first priority, will seek to use the funds for other similar Reliant Mission activities beginning with those associated with the connected church/ministry.
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Unrestricted Church Funds may be requested by Reliant partners who have field employees/associates by contacting their Program Team. Program Team submits a Request for Unrestricted Church Funds on request on behalf of Reliant partners. Reliant will review these requests on a case-by-case basis.
Restricted Church/Project Funds may be requested by Reliant ministry partners regardless of whether that partner has Reliant employees/associates. The individual who will become the Fund Custodian may request the funds by submitting a Church /and Project Fund Request Form to their Program Team, with the following information completed:
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All church and project fund requests must be vetted first by the Program Team to confirm the church/ministry partnership with Reliant (including the existence of a signed/executed Memo of Understanding or a Non-Employment Partnership Memorandum of Understanding) and to confirm that this request is one that they believe Reliant should move forward on.
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