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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: | 8/423/2023 |
| Last Review Date: |
Purpose
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This policy applies to all church and project funds and to grants used for distribution of fundsmonies
Standards Supporting This Policy
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- Unrestricted Church Funds- The sole purpose of these designated funds (accounts) is to absorb leftover funds (money) from exited staff that were a part of their church/ministry (typically for residencies/internships) and use those funds to help support other staff at the same church/ministry who need assistance with raising support. These are unrestricted, non-revenue funds (accounts), and funds (money) only come in and out through internal transfers.
- Restricted Church Funds- These funds receive donations from outside donors with the purpose to fund the church/ministry/network expenses, possibly ministry grants, and/or Reliant employees/associates associated with the church/ministry. The purpose tends to be more general and fund distribution tends to be determined by church leadership.
- Restricted Project Funds- These funds receive donations from outside donors to help fund the projects that the church/ministry/network wishes to accomplish. These projects generally tend to have an end date versus going on in perpetuity. The purpose of project funds can vary but they tend to be more specific with a focused purpose in mind.
- Endowment Funds- If the project purpose being requested is for an endowment project, it will automatically be sent to the board for pre-approval before moving forward with the creation of the fund, regardless of the purpose or projected amount.
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