The Storehouse is the primary endowment fund and the source of project funding.
When a donation is made to the Storehouse the funds are invested and the investment proceeds are used exclusively for humanitarian projects. The initial funds are never spent allowing the you to leave a legacy that will continue indefinitely. Every new donation is tracked to the individual / organization making the contribution. The total funds provided are tracked by a unique donor ID number. As a result, you or your organization have their own “Legacy Fund”, the contents of which will never cease making the world a better place.
Unless otherwise specified, donations go directly into the Storehouse and a Legacy Fund is created. The result… rather than paying for salaries, consulting, rent, postage, etc. 100% of the funds will be used to feed, clothe, house, rehabilitate, educate and save men, women and children around the world.
The Canada Revenue Agency (“CRA”) requires that 80% of all donations received in a given year be spent during that year. However, donations may be kept in an endowment fund and invested if the donation is accompanied by a signed request for Nations Cry to “hold the funds for a minimum of 10 years.” The CRA requires that a minimum of 4.5% of funds in an endowment be disbursed each year. Due to these specifications, we require this request to accompany each donation that is to be designated to the Storehouse.
The Storehouse funds are managed by a third party professional fund management firm.