Church Funds

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Church Fund: Management and Application of Funds

All funds donated to the Church of the Universal Truth will go to the Church Fund. This fund is managed by staff designated by the Church. All funds donated will be held in an interest-bearing account to be utilized for both operational and outreach expenses. Funds donated to a specific cause are utilized exclusively for that cause. All members of the Church of the Universal Truth have the opportunity to request funds to be borrowed from the Church in times of need.*  Approved funds are provided directly to the debt-holder (ie. hospital, utility company, or other business). All requests must be approved before payments are processed. At the Church of the Universal Truth, we believe in teaching principles for success. To this end, approved requests that receive funding will when necessary repay the Church Fund based on the member’s ability to pay. No member shall be charged any interest on funds loaned from the Church Fund. Any funds received that are not directly donated from members, after applicable operational costs, will be considered “general funds” that are to be applied to any approved requests and outstanding loans. If enough funds are available to cover the outstanding balance on Church Fund loans or cover a Church Fund request in its entirety, the Church will apply the amount in lieu of additional payment from the member. For transparency, all “general funds” are freely given to approved requests with no required repayment to the Church Fund. 

 

*All members have the right to request funds from the Church Fund. All funds approved for gifting or loans for all life situations, emergency or otherwise, must be approved and verified by Church Fund moderators to avoid fraudulent, misleading, or inappropriate use of funds.  All approval or denial decisions are final.