Deposits and Withdrawals

 

Making a Deposit to your Account

 

To make a deposit to your account please download a Deposit Form and complete the required information. Deposits in the form of a check can be mailed to our office to be credited to your account and a receipt mailed to you. Deposits received by 8 AM will be invested same day, deposits received after 8 AM will be invested the following day. Units will be assigned to a deposit by dividing the fair market value of the deposit by the unit value. Please be sure to note your account number on the reference line of your check.

 

Only cash and marketable income-producing securities will normally be received into accounts, any other asset types will require approval by our Board of Directors and special handling.

 

Courtesy Stock Sale

 

The Foundation will assist account holders and donors with the transfer and sale of stock to benefit United Methodist Ministries. Once the shares have been received by the Foundation they will be sold, per the instructions of the donor, and the proceeds either remitted to the ministry of the donor's choice, or deposited in a church or agency's account at the Foundation. 

 

All information necessary to begin the process of transferring stock can be found on our Courtesy Stock Sale Instruction Form. If you have any questions or would like to learn more about the process, please contact us at the office. 

 

Withdrawals

 

Funds are valued daily, meaning that a withdrawal can be requested by an account holder at any time in line with that account holder's own procedures and guidelines. To request a withdrawal, complete our Withdrawal Request Form and return it to our office via USPS or, for faster processing time, email to mcgeem@umfoundation.org. Withdrawals will be processed within 3-5 business days of a request being received in our office. 

 

All withdrawal requests must have two authorized signatures in order to be processed. Those signatures must match the authorized signers on file for your organization at the Foundation office. The account holder is responsible for ensuring that authorized signers are kept current on file at the Foundation. 

 

If you have any questions regarding the withdrawal process, please contact us at the office.