Missionary Fund Withdrawal process

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cchang
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Posts: 206
Joined: Mon Apr 17, 2017 8:11 am

Missionary Fund Withdrawal process

#1

Post by cchang »

We have a member who is going out on their mission in the next month. Do they deposit their mission funds into their missionary fund account and then the system automatically withdraws from that fund account each month? I'm trying to see how the process works for depositing and withdrawing from the missionary's account.
eblood66
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Joined: Mon Sep 24, 2007 9:17 am
Location: Cumming, GA, USA

Re: Missionary Fund Withdrawal process

#2

Post by eblood66 »

If you're in an area with equalized contributions then CHQ will withdrawn the standard amount at the beginning of each month (the specific day varies but generally during the first week) from their sub-category starting at the beginning of the month when they leave on the their mission. This often means the first withdrawal is before they actually leave. Any contributions they (or family or others) make should be deposited in their sub-category.

If you're not in an area with equalized contributions then things may work differently. In that case you'd probably need to ask your stake.
lajackson
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Location: US

Re: Missionary Fund Withdrawal process

#3

Post by lajackson »

As mentioned, the members, including the missionary, contribute to the ward missionary fund. Church headquarters withdraws from the ward fund. The Church then makes funds available to the mission in an amount sufficient to provide for the missionary for his or her food and other expenses, and to pay for a place to live (such as apartments or other approved arrangements).
chriswoodut
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Joined: Mon Jul 25, 2011 9:42 am
Location: Utah

Re: Missionary Fund Withdrawal process

#4

Post by chriswoodut »

I would recommend they don't donate it all at one time. If they get sick and have to come home early, that can be problematic as it can't be refunded. I get uncomfortable when people get too far ahead and will contact them.

I had one member that was so far ahead that we had to roll the excess to the next child to go on a mission. It rolled two times to the next two children before I got him to let it catch up. He was kind of using the excess as a savings account for future missionaries. He has lots of kids so it was going ok but it was more risk than just putting it in an account at the bank.
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