We know that each church’s financial situation may differ from other Moravian communities of faith. We work hard to ensure our solutions are tailored to meet your needs and manage your resources. We share the goals of promoting responsible financial management and ensuring our resources are used effectively to support your mission and serve the broader community.
For years, church boards have wanted a solution within the Moravian Ministries Foundation in America (MMFA) to manage cash reserves. Earlier this year, we launched a cash management solution that we call the Stable Fund. This is the seventh option within the Moravian Common Fund. As of July 31, the yield on the Stable Fund is 5.47%. This is a pool of cash and cash equivalent instruments structured to provide a high yield with very little risk. This pool is also liquid, so you are not locking these funds up for a period of months or years to obtain income.
If you have cash on the sidelines, cash reserves, or money that the church doesn’t need to spend right away, this is the solution for you. Reach out to me today for more information or to open an account to manage your cash.
MMFA charges .25% (25 basis points) for cash management annually. This is assessed monthly on a pro-rata basis. As a reminder, all fees paid to MMFA go back into the work of our foundation and the mission of the larger church. The yield on the Stable Fund is subject to change based on prevailing interest rates especially the Fed funds rate.
