What are the deposit and withdrawal policies?

DEPOSITS

Funds may be submitted for deposit any time using the MNUMF deposit form.

  • Deposit Form: send the completed form with your deposit directly to – Wisconsin United Methodist Foundation, 750 Windsor Street Suite 305, Sun Prairie, WI 53590
  • Any deposits received mid-month are automatically placed in a corporate money-market bank account.
  • These deposits will be paid their proportional share of money market interest from the time the deposit is received to month-end, when they are rolled into the investment fund.
  • At that point, you will see both the deposit and the money market earnings posted to your account.

WITHDRAWALS

Withdrawals are made at the end of each month.

  • Participants are limited to month-end withdrawals because the investment fund is only valued on a monthly basis which occurs at month-end. Additions or subtractions from your account(s) can only occur on a valuation date. This policy strengthens your local church endowment program as you participate in the long-term investment strategy of the Minnesota United Methodist Foundation.
  • Withdrawal form must be received at the MNUMF office by the 20th of the month.
  • Withdrawals can be made at month end with ACH deposit into your bank account, rather than a check being cut – let us know if you are interested in this option.
  • Should a need for emergency funds occur mid-month, please contact the MNUMF office to discuss assistance with accessing your funds.

Withdrawal Form: send your withdrawal request to – Minnesota United Methodist Foundation, #508, 122 W. Franklin Ave., Minneapolis, MN 55404. (Withdrawal forms must be received at the MNUMF office by the 20th of the month.

Posted in: General FAQ MNUMF