Custodial Funds Program

Custodial Funds Program Offers Varied Fee Structure to Benefit Churches

At its October 25, 2016 board meeting, the Foundation Board of Directors voted to implement a new custodial funds fee structure in order to benefit churches placing funds with the Foundation. Previously, the custodial funds administrative/management fee charged by ODF was a flat .5% annually charged on a quarterly basis. Reduced fees for accounts maintaining larger balances are as outlined:

Total funds on deposit

Quarterly fee percentage

Annual fee percentage
<$1MM 0.125% 0.5%
>=$1MM and <$2MM 0.0625% 0.25%
>=$2MM and <$3MM 0.05% 0.20%
>=$3MM   0.0375% 0.15%

The custodial funds policy and custodial funds agreements have been modified to include this fee structure and investment pool options.

The board voted unanimously on the fee structure and considered the following:
• ODF serves as institutional memory, centralized file storage and structured brain trust for funds;
• ODF’s archives survive church leadership, membership, pastoral and staff turnover whereas church records and recall sometimes reside with a few members, or are lost; and
• ODF can provide a great service to churches consisting of professional money management and reporting at reduced costs, especially in instances where churches have limited staff or volunteers with money management experience.

Custodial Funds Held by ODF for the Following Churches/Organizations:

  • Central Christian Church (Enid): Building & Maintenance Fund, Dorus and Betty Munsinger Custodial Fund, Curtis L & Thelma D Horrall Memorial Fund, Ottis Cornelson Custodial Fund, David Eck Maintenance Fund Custodial Fund, Roberta Patton Custodial Fund
  • Christian Church Commission Custodial Fund
  • Christian Church of the Covenant, Enid: Christian Church of the Covenant Custodial Memorial Fund, Christian Church of the Covenant Custodial Endowment Fund
  • Disciples Christian Church (Edmond) Custodial Fund (formerly Edmond Trinity)
  • Disciples Retirement Community of Oklahoma
  • First Christian Church (Chandler): Trustees of FCC Chandler Custodial Fund
  • First Christian Church (Duncan) Custodial Fund
  • First Christian Church (Duncan) Custodial Fund – Gabriel’s House
  • First Christian Church (Edmond) Custodial Fund
  • First Christian Church (Kingfisher): Shirley Smith Endowment Fund, The Living Tree
  • First Christian Church (Lindsay) Custodial Fund
  • First Christian Church (Midwest City) Custodial Fund
  • First Christian Church (Moore) Custodial Fund; Tom McClure Endowment Custodial Fund (FCC Moore)
  • First Christian Church (Perry) Custodial Fund
  • First Christian Church (Ponca City): Otta Lea & Charles Beck Fund, Don Early Trust Fund, Feeding the Hungry of Kay County Fund
  • First Christian Church (Stroud): FCC Stroud Custodial Fund, FCC Stroud-Cox Operating Endowment, Stroud FCC Swann Gift
  • First Christian Church (Tulsa) Custodial Fund
  • First Christian Church (Wagoner) Custodial Fund
  • First Christian Church (Yukon) Custodial Fund
  • Linda J. Lawson West Point Memorial Fund
  • New Hope Christian Church (Oklahoma City) Custodial Fund
  • Oklahoma Disciple Men Leave No Child Behind Custodial Fund
  • Phillips Theological Seminary
    FCC Arkadelphia, AR Ministry Training Custodial Fund
    Donna and Dave Killen Endowment for Student Hospitality Custodial Fund
    Oklahoma Christian Women’s Fellowship Financial Aid Endowment
    Christian Church (Disciples of Christ) in Oklahoma Scholarship for Youth Ministry
    Christian Church (Disciples of Christ) in Oklahoma Scholarship Endowment Fund
    C. K. & W. Thomas Endowment
    Campus Maintenance Endowment
    Colorado Chair
    Hatt Ministerial Education Endowment
    M. & E. Meyer Mem. Ministerial Education
    Plowman Book Fund
    R. G. & Della Ericson Preaching Award
    Roberta Hamburger Endowment
    Spiritual Formation Endowment
    Theodore & Beulah Beasley Endowment
    Willia Ingram Adams Operational Endowment
    Clyde Wheeler Scholarship Endowment
    Educational Outreach Endowment at PTS
    Cherokee Christian Church (DOC) of Prairie Village, KS Endowment
    Roy Griggs Lectureship Endowment at PTS
    Student Services
    Hillside Christian Church, Wichita Ministers’ Week
    Semones Operational Endowment at PTS
    Tulsa First Christian Church – Ministers’ Week – ND
    Joe Strange Book Endowment
    Bertie Dora Sisson Endowed Scholarship FCC Coffeyville, KS
  • United Ministry at the University of Tulsa
  • University Place Christian Church (Enid) Custodial Fund
  • Waukomis Christian Church Custodial Fund

For more information and details call Eric Gray at 405.525.6530 or email egray@okdfdn.org.

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