Can my funds go toward my Passport?
Can my funds go toward my airfare?
Are donations tax deductible?
What if a beneficiary chooses to not use the funds personally for a Mission Possible endeavor?
If an individual chooses to forfeit the money placed in their Mission Possible account, they can request the money be moved to another individual who has an account. They can also give the account balance to the mission program of their choice for use as a scholarship for someone who needs financing for a missions endeavor.
If the beneficiary decides not to use the funds and the funds are not transferred or redesignated by the account holder where does the money go?
The Mission Possible committee (one representative from each of the partnering UPCI divisions) would determine the best use of the funds within the Mission Possible program.
If a beneficiary decides not to participate in a Mission Possible endeavor, can the money be given to the missionary on location?
No. It must remain within the Mission Possible program and be used for a Mission Possible endorsed endeavor.
Are Mission Possible funds transferrable?
A Mission Possible account can be transferred into another individuals’ name, but the funds cannot be transferred out of the Mission Possible account into another savings mechanism (bank account, CD, etc.).
Can I withdraw my funds for personal use?
No. The funds must remain in the Mission Possible account or be transferred to a UPCI division or district to be used to finance a missions endeavor.
How do I request funds and how long does it take for me to get the funds after I have submitted my request?
When the beneficiary is ready to utilize funds from a Mission Possible account, they may submit a withdrawal request. The funds will then be disbursed directly to the UPCI division that is sponsoring the missions endeavor within 30 days. That UPCI division will apply the funds toward the expense of the endeavor. If funds remain in the Mission Possible account following the beneficiaries’ involvement, the funds will remain in the beneficiaries name for future involvement in another short-term missions endeavor. Fill out the Funds Request Form here.
If I do not have a beneficiary, can I assist another beneficiary or cause?
Yes. You can gift funds to anyone with a Mission Possible account.
Can you change the beneficiary more than once if the 2nd choice doesn’t work out either?
Yes. You can change the beneficiary as many times as you want.
Will the full amount I invest go toward the beneficiary?
Yes. Plus interest earned.
Will the interest earned be transferred if the account is transferred into another beneficiary’s name?
If I have more than one beneficiary with an account, can I transfer funds from one beneficiary to another if one decides not to use the funds or has more funds than he/she needs for their missions endeavor?
If my beneficiary decides not to use the funds, and I donate the funds to be designated by the UPCI would I be eligible to receive a tax deductible contribution receipt?
What if the intended missions program ceased to exist? Would I have the option of retrieving my funds?
No. There would be other missions endeavor programs available to choose from.