Donations to Organizations

"Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you." Matt. 28:19-20

The Points Bank program was designed as a way to fund ministries, churches and other nonprofit organizations that fit with the mission and goals of Points Bank and Senergy Ministries

The program is designed to shift the thinking about how funds are raised. Member organizations will create a steady stream of donations which will continue to flow month after month.

Organizations that are tax-exempt and have a 501(c)(3) designation by the IRS are eligible to become members and receive donations.

Organizations that do not have a tax exemption can still participate but any funds that are received must be done through our loan program. Organizations who have filed for tax exemption will be given full organizational membership. If the exemption is denied, the donations to date will convert to loans.

In any given month, an organization may apply for a donation equal to the amount of points on account.

These donation requests are handled by the PointsBank Donation Evaluation team and must follow the guidelines established by PointsBank.

Donations are not automatic. Organizations whose recurring total points exceed a certain balance each month may elect to request an annual donation, dispersable over 12 months. The recurring points value must be 5000 points or more. Let me further explain. Let's assume that your recurring points have reached 5000. You would request an annual donation of $60,000. We would disperse a donation of $5,000 each month for 12 months. At any time during the year, you can amend your request, but it cannot exceed the amount of recurring points for the previous two months.

The purpose for the funds must be clearly reported on the application for donations and proper accounting for the funds must be sent to PointsBank at the completion of the project or ministry for which the funds were donated.

The organization must provide positive proof of its tax status. Churches do not have to provide this documentation unless they are constituted as a 501(c)(3).

Ministries within a church must apply in the name of the church. However, any ministry within a church may establish a separate membership. Missionaries would be considered a ministry within a church, for our purposes.