<h2>Description of Services</h2> 
 
	<p>A Ministry Charity Project (MCP), established at WaterStone, is the solution for those God has called to personal ministry and service in the community. WaterStone verifies federal and state compliance for charitable work while providing administrative, investment and accounting service.</p> 
 
	<h2>Characteristics:</h2>
<ul>
<li>A clear, specific purpose approved by the Board of Directors for ongoing charitable, religious and educational activitity</li> 
<li>Approved Project Manager with three letters of reference</li> 
<li>An approved annual budget</li> 
<li>A group of committed donors </li> 
<li>Approved fundraising methods, materials, and special events </li> 
<li>May have administrative employees, contract for services or grant distributions</li> 
<li>Liability insurance may be required</li> 
<li>Any legal or other direct project expenses incurred will be charged directly to the MCP</li> 
<li>Minimum initial contribution of $5,000  </li> 
<li>Minimum cash balance of $500 must be maintained</li> 
<li>Closing fee will be reserved from available balances</li>
<li>Projects retaining $25,000 or greater may select an approved investment pool</li> 
<li>On-line Fund View available for Project Manager to view balances and account activity</li> 
<li>A printed year-end Project Statement will be provided</li> 
<li>Receipts for all contributions will be mailed to donors</li> 
</ul> 
 
	<h2>Pricing Schedule</h2> 
 
	<table> 
		<tr> 
			<td> Application Fee (deducted from initial contribution) </td> 
			<td> $1,000 </td> 
		</tr> 
		<tr> 
			<td> Incoming Charge </td> 
			<td> 8% </td> 
		</tr> 
	</table> 
 
	<h3>Special Services:</h3> 
	<table> 
		<tr> 
			<td> Special Handling </td> 
			<td> Cost Plus $25 </td> 
		</tr> 
		<tr>
                                                <td> Credit Card Donations </td> 
			<td> 3% </td> 
		</tr> 
		<tr> 
                                                <td> Charitable grant to non-qualified organizations </td> 
			<td> $100 </td> 
		</tr> 
		<tr> 
                                                <td> Transfers to Field of Interest Funds </td> 
			<td> Greater of $100 or 2% </td> 
		</tr> 
		<tr> 
			<td> Contract labor/consultant (each 1099 sent) </td> 
			<td> $25 </td> 
		</tr> 
		<tr> 
			<td> Employee (Monthly Payroll) </td> 
			<td> $50 </td> 
		</tr> 
		<tr> 
			<td> Foreign Mail charge </td> 
			<td> Cost of Mailing </td> 
		</tr> 
		<tr> 
			<td> Special Events processing </td> 
			<td> $195 </td> 
		</tr> 
		<tr> 
			<td> Distributions </td> 
			<td> $10 </td> 
		</tr> 
		<tr> 
			<td> Monthly Project Statements mailed or faxed </td> 
			<td> $10 </td> 
		</tr> 
		<tr> 
			<td> Closing Fee </td> 
			<td> $500.00 </td>
                                </tr> 
	</table> 


<h3>Non-traditional Asset Contributions:</h3> 
	<table> 
		<tr> 
			<td> Gift Acceptance Fee </td> 
			<td> 1st Year's Annual Administrative Fee (Minimum $2000) </td> 
		 
		</tr> 
	</table>
<ul>
<li>One-time fee based on the appraised value.</li> 
<li>Collected at the earlier of liquidation or anniversary date of gift.</li> 
<li>Fee is in addition to the standard annual administration fee.</li> 
<li>Period due diligence fee may be assessed depending upon the complexity of the asset.</li> 
</ul> 

<h3>Non-traditional Investments:</h3> 
	<table> 
		<tr> 
			<td> Origination Due Diligence Fee </td> 
			<td> 1.00-3.00% </td> 
		 
		</tr> 
	</table> 
<ul>
<li>Period due diligence fee may be assessed depending upon the complexity of the asset.</li> 
</ul> 



	<p style="text-align:center;"><a href="/solutions/ministry_charity_project/faq" title="FAQ">FAQ</a> | <a href="http://www.waterstone.org/images/uploads/main-images/MCP_Application.pdf"title="Application (pdf)">Application.pdf</a> | <a href="/contact/" title="Contact Us">Contact Us</a></p>