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Account Withdrawal Procedures PDF Print E-mail

All clients wishing to withdraw funds from their account held in trust with The United Methodist Stewardship Foundation (“The Stewardship Foundation”) must follow the following procedure:

  1. Write a letter of request for funds on the Church or organization’s stationery.
  2. The dated letter must be signed by the Pastor of the Church or the Director of the organization.
  3. The letter must also be signed by one of the following individuals:
    1. Chairperson of Finance
    2. Chairperson of the Endowment Committee
    3. Chairperson of the Board of Trustees
    If the investment client is not a Church, the letter must also be signed by one other member of the governing body (usually a Board of Directors).
  4. The letter must be mailed to The Stewardship Foundation at the following address:
    Stewardship Foundation
    Attn: Rev. Phyllis M. Bowers, Executive Director
    303 Mulberry Drive, Suite 300
    Mechanicsburg PA 17050-3141
  5. Upon receipt of the letter, The Stewardship Foundation will authorize the withdrawal and forward the request to PNC Institutional Investments. PNC Institutional Investments is The Stewardship Foundation’s Investment Manager. (Internal authorization is determined by the amount and number of signatures required.)
  6. PNC Institutional Investments will write and mail a check in the amount requested to The Stewardship Foundation.
  7. The Stewardship Foundation will forward the check along with a letter to the client, as instructed in the initial letter of request.
    (Please note: You will receive your check in 10 – 12 business days from the date we receive your written request.)
  8. Please contact The Stewardship Foundation for specific instructions when closing an account.

If you have questions about these Procedures, please contact Rev. Phyllis M. Bowers, Executive Director at the above address. You may also reach her directly on her cell phone at 717-968-0251 or send your e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
 
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