giving services

how it works


Bible college students


How the account works

In order for you to set up an account with Stewardship you will need to firstly complete an application form.

Stewardship then assesses your application to ensure that you are eligible to receive a grant from us and we can support you.  We will periodically review your account and ask that you update information in order to re-approve the application.  As part of this assessment we will assign a limit to the amount of grants which can be distributed to you over a 12 month period.

Your recipient account will receive all gifts allocated to you by Stewardship and will be the point from which grants are transferred to your bank account.

We can supply you with your own publicity material which you can copy and distribute to your supporters. This explains who we are and how your supporters can join with Stewardship to support you.  When the supporter returns the form to us together with a completed direct debit mandate or cheque, we will set up an account for them and communicate with them directly.

When a supporter expresses a preference for Stewardship to allocate gifts to your account, we will consider whether the request is consistent with our own charitable purposes and, if so, the allocation will be made.  In order to comply with gift aid and charity commission regulations, balances in your account remain part of the charitable funds of Stewardship until transferred into your bank account.

We will notify you when we are allocating a new one-off gift or changing a regular gift allocation - when they will start, the amount, the frequency, the reference and any special instructions.

Gifts that have been approved and allocated to your account will be accumulated and a grant distributed on a periodic (weekly or monthly) basis.

You can still withdraw the approved funds that are in your account in between the regular grant payment date if you need the funds urgently.

Depending on the speed of response from HMRC following our Gift Aid submission, any related reclaimed tax will normally be allocated to your account between 6 and 8 weeks after the gift allocation.

You may authorise other individuals to talk to members of our giving services team about your account. These individuals could also have access to your account through the online service.


Exclusions and Restrictions


Full time study

To qualify for a Bible College Student account with us you must be studying on a full-time course for not less than one academic year at a recognised UK Bible college.


Close relatives

You will not be allowed to receive gifts from a close relative of yourself or your spouse.

“Close relative” is parent, grandparent, brother, sister, child, grandchild or the spouse of any of these.  Giving from these family members is not considered as being of charitable purpose. 


Charitable purpose

Stewardship will determine whether a proposed gift allocation is charitable and reserves the right to decline to make any grant.  Once you have received a grant from us, it is your responsibility to ensure that the funds are used for purposes which are charitable under UK law.


Limits

Grants to Bible College students must be at an appropriate level and consistent with their charitable need and status.  This means that we will impose caps (limits) to the level of grants that can be made in any set period.


Change of circumstance

You must notify us immediately if your (or your spouses) level of income changes or your general circumstances change significantly.


How to open an account

To open an account you must first complete an application form and return it to Stewardship.  The application form can be found at the following link:

Bible College Student

Once we have received your completed application form with supporting documents and, after confirming that we are able to make grants to you within our charitable purposes, we will set up a  Stewardship account in your name and add you to our approved recipient database.

You will then receive a welcome letter together with a master copy of publicity material for potential supporters.

 

Further information


Bank details

If you change your bank details, it is necessary for you to advise us in writing. Please enclose a pre-printed item of bank stationary showing your new bank details.  Failure to do so will result in delays to grants being distributed to you.


Taxation of grants to recipients

You may be subject to income tax on the grants you receive from us and it is your responsibility to determine this.


Information about you

We rely on the information which you provide to us so please keep the details which we hold about you up to date.

 

Closing your account

You are free to close your account at any time.


The Online Service

We will make every effort to make the Online Service available but from time to time the service may be down for maintenance.

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