FAQ For Churches and Organizations
Does the Annual Conference leadership know who has an account with the Foundation?
No. All accounts are held in the strictest confidence.
Does the General Conference or Local Conference control the funds at the Foundation?
No, we are separately incorporated with a separate staff and board of directors.
Can we withdraw our funds on deposit with The Foundation at any time?
Short-Term Fund: There are no restrictions on withdrawals from the Short-Term Fund. Withdrawals from the Short-Term Fund can be made at any time without penalty by filling out a withdrawal form and having the appropriate persons sign the form.
Long-Term Fund: Earnings may be withdrawn quarterly. Requests for withdrawal of principal should be made 5 business days prior to the end of the second and fourth quarter. Withdrawals will be distributed within 6 weeks of the end of the quarter once the assets have been revalued.
Who manages the funds on deposit with The Foundation?
The Foundation Investment Committee meets at least quarterly to review the portfolio. They have selected Gerber/Taylor Associates, Inc., an independent, full-service registered investment adviser located in Memphis, TN, to assist in the development of our investment policy and the selection of money managers. They monitor the managers and meet with our Investment Committee.
Who may withdraw funds from the Foundation?
Only those authorized signatories on file with the Foundation may withdraw funds.
What do we earn on our funds?
Short-Term Fund: The interest rate paid on deposits in the Short Term Pooled Fund is 5.35% effective September 1, 2024. Interest is earned from the day of deposit to the day of withdrawal and is calculated monthly. A church or institution may request disbursement of the interest or have it added to the principal.
Long-Term Fund: Investments are revalued on the last business day of each quarter. Earnings on investments are based on actual performance of the Fund. Distributions of income and realized gains can be made quarterly, semi-annually, or annually.
How do we open an account with the Foundation?
A local church or institution may open an account with the Foundation by completing the Investor Agreement and returning it with a check for the initial deposit. The forms are available to download.
Looking for Downloadable Forms?
Are you seeking comprehensive insights into our Short Term and Long Term Funds to empower your investment decisions?
Discover more about our Short Term Fund or explore our Long Term Fund or Wespath Balanced Fund by clicking on the fund names above.