Funding
Source
The North American Division established the tithe reversion system in 1971 to provide financial support for capital improvements and scholarships. Two percent (2%) of the total tithe received from regional churches and 20% of the 10% that the union receives from the local conference is divided on a 40/60 basis. Historically, these funds have been distributed throughout the union to support the outreach ministries of our regional churches.
Capital Reversion
Capital reversion assistance is granted to churches to support renovations, refurbishing and remodeling projects. Capital reversion is limited funding and should not expected to cover the total expense of the project submitted. Churches should include an estimate, budget and proposed funding sources with the application. Capital reversion funds are available to once a year. Applications are submitted to the local conference regional director. Conference director's office should review applications for project description, budget and funding source information before signing off and forwarding to the Office of Regional Ministries. All applications should be submitted to Regiona Ministries before December 1. No exceptions.
Applications may be downloaded and submitted to Regional Ministries. Complete both sides including budget and other funding sources.
There is a process once the applications arrive in the RM office:
1) applications are reviewed by administrative assistant and may be returned to the church for clarification or completion;
2) applications are reviewed by coordinating committee and approved;
3) applications are submitted to the Union Executive Committee (Finance Committee) for review and approved for disbursement;
4) local conference treasurers must request the release of funding by letter to the union union treasurer's office;
5) once funds are received by conference treasurers they are disbursed by to local churches.
The entire process is about six months in length depending upon the request from conference treasurers to release funds.
Scholarships
Applications in PDF format may be downloaded Follow instructions and deadlines carefully.
1. NAD Regional Ministries Graduate Scholarship (strict guidelines apply). application
2. Three-Way Scholarship (undergraduate studies in Seventh-day Adventist colleges and universities) Forms are distributed through local church pastor or Education coordinator or church administrator late August. Deadline: Dec. 1. Funds are applied during Spring session.
For further information contact Regional Ministries, 805-413-7388.
Sabbath Time
Place: Westlake Village, CA
Start: 07:06 PM 03/19/2010
End: 07:06 PM 03/20/2010