Frequently Asked Questions

Does the Annual Conference leadership know who has an account with the Foundation?

No. All accounts are held in strictest confidence.

Who may withdraw funds from the Foundation?

Only those  authorized signatories on file with the Foundation may withdraw funds.

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Long-Term Fund: Earnings may be withdrawn quarterly.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.

What interest rate do we earn on our funds?

Short-Term Fund: The interest rate paid on deposits in the Short Term Pooled Fund will be increased from 2.0% to 2.5% effective December 1, 2017. Interest is earned from the day of deposit to the day of withdrawal and is calculated on June 30 and December 31. 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.

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.

How do I 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.

Are individuals allowed to invest personal funds with The Foundation?

No, the Foundation only accepts funds from churches, agencies, and institutions of the Conference.

Individuals may establish a charitable trust with The Foundation, with the interest being paid to named beneficiaries, and with the final beneficiary being their local church or ministry. An individual may establish a Donor Advised Fund.

How do I apply for scholarship assistance?

Call our office, 601-948-8845, after February 1 of each year to request an application for the next school year.  The applications must be received in our office by the Monday after Annual Conference to be considered by our Scholarship Committee.

Overview Download an overview of the Mississippi United Methodist Foundation
(December 2016)