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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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Master Grant Agreement: Church/Project funds are created to receive donations, and grants are used to distribute monies for those funds. Therefore, a Master Grant Agreement must be signed at the time of submission of a new church/project fund request to ensure a proper understanding of grant use when monies are distributed. The Master Grant Agreement is attached to the Church/Project fund request form and is signed by the Fund Custodian and a Reliant representative. The Fund Custodian should be appointed and previously approved for the role of Fund Custodian by the Partner prior to signing the Agreement. It includes an acknowledgment and approval of the requested purpose of the fund by both parties. It also includes an acknowledgment that the Fund Custodian read and agrees that all parties associated with the fund will follow the Policy and Standards. If the purpose of the church/project fund changes, an addendum to change the purpose outlined in Master Grant Agreement is required and must be signed by both parties. See Master Grant Agreement for a sample of what is attached to the request form. |
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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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