Page History
...
In order for a gift to be properly receipted by Reliant, the project, ministry, or program must be approved by Reliant. The Board authorizes the Executive Management Committee of Reliant to raise and spend up to $25,000 per year for each Reliant project, ministry, or program consistent with the mission of Reliant (including grants to Reliant affiliated churches and other ministries with purposes consistent with Reliant's). All such projects, ministries or programs will need to be first approved by the Executive Management Committee, before any gift can be properly receipted by Reliant. (The $25,000 limit is after deduction or net of any administration costs for fundraising.) Projects, ministries or programs that require Reliant to raise and spend more than $25,000 per year (either directly or by grant to an affiliated Reliant church or other ministry with purposes consistent with Reliant's), will require additional specific Board approval before any gift can be receipted by Reliant. If there is a situation of a project, ministry or program that requires raising and spending more than $25,000, and the formal Board approval process could adversely delay the raising funds for the ministry or project, then the Board authorizes the Chairman of the Board and the Chairman of the Audit Review Committee to give preliminary Board level approval for the project, ministry or program. (Both persons must approve the project, ministry or program). Then official Board approval must still be obtained. The Board reserves the right to overturn any prior approval received by the Board Chairman and the Audit Review Committee Chairman. Also, as with all funds granted by Reliant, they would be subject to Reliant's Grant Making Policy. Reliant would require that each church or ministry submit a full accounting in writing for how the funds were ultimately used. Reliant reserves the right to obtain a return of any funds not used for the purpose for which they were raised or granted, in accordance with IRS and ECFA rulings on charitable fundraising.
