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Policy Name: | MTD Fund Transfer |
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Scope: | All Employees & Associates |
Revision Date: | March 10, 2021 |
Last Review Date: | June 9, 2023 |
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Ministry donations received by Reliant Mission belong to Reliant and are under the control of Reliant. |
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Reliant employees may request |
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that Reliant transfer MTD funds internally out of the MTD |
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account for which they’re responsible, to another Reliant ministry account, including |
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another employee MTD account or Reliant church/project account. |
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MTD Transfer RequestsThe following rules apply:
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Requests come from active missionaries and exiting missionaries.
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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 more than 3 months from the missionary's exit date will not be eligible for consideration. |
Requests from Active Missionaries and Exiting Missionaries
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Requests for a Department Transfer
Department 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 finance@reliant.org for assistance.
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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:
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1. If at the date of exit the fund balance is $10,000 or more:
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:
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2. If at the date of exit the fund balance is less than $10,000:
Example:
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Other Transfer Policies for MTD Accounts of Exiting Reliant Missionaries
3. Reliant Missionary Intern/Residency Programs
If 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. 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 be transferred according to the rules set forth in Sections 1 and 2 above.
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) nonprofit 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:
- Will be transferring their ministry employment to another 501(c)(3) nonprofit ministry, mission agency or church that is using a dedicated 100% support-based deputized fundraising model (like Reliant).
- The exiting Reliant missionary will be responsible to raise 100% ministry support for their new role.
- Anticipates that there will be an MTD account balance remaining upon their exit from Reliant
- The ministry, mission agency or church provides adequate substantiation that they are a 501(c)(3) nonprofit.
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 to 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:
- Any amount over $10,000 will generally be allowed by Reliant to be contributed to the missionary's new ministry, mission agency or church.
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Communication Info
Access the form below and share the completed form to payroll@reliant.org.
Requests from Exiting Employees
Requests for a Department Transfer
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If you have questions about this process, the policy, or its parameters, please contact finance@reliant.orgyour Program Team Liaison (for MTD Transfer questions) or accounting@reliant.org (for Transfers from a Department). |