Financial Accountability and Communications
As an intern with IberoAmerican Ministries (IAM), you have two options for your financial gifts depending on your length of stay.
If you are staying in-country less than three months, we ask that all of your donations
be handled through your home church. Your church will then forward the funds needed for
your internship to the IAM Office based in Monroe, Washington. A 6% administration fee
will be deducted from the total donations recorded on your statement.If you are staying in-country more than three months, the IAM Office will receive all
financial donations directly. The Office Administrator will assist you with establishing a
checking account. The Office will record, receipt, and deposit your donations and will
prepare monthly statements. (See procedures for long-term stays below.)
The IAM Office can also help you with mailing regular communications or newsletters about your ministry. Please feel free to discuss any financial and communication issues with the IAM Office.
Procedures for Long-Term Stays (More Than Three Months)
Below are procedures for statements, donations, compensation, and communication issues for IAM Interns staying in-country more than three months.
Personalized Statements. All donations designated to your ministry or a particular project
are received into one account under IberoAmerican Ministries and are recorded on separate
statements for each intern.
Donations: General- or Project-Related. All donations must be made in the form of a
personal check or money order payable to IberoAmerican Ministries, designated to the ministry
project. Donors may wish to give to a specific project and may designate the gift "Project /
Name of Intern." It is understood that when a gift is given to the project, IAM has the authority
to use the funds for the project or allocate at their discretion. The IAM Team Leader has final
approval on mission project funding.
Report of Donations Received. A report of the total donations received for your ministry will
be produced monthly by the IAM Office. Reports will be distributed via email between the
1st and 5th of the following month.
Administration Fee. At the closing date of each month, a 6% administration fee will be
deducted from the total donations recorded on your statement.
Newsletters/Correspondence. The IAM Office can mail regular printed newsletters about your
ministry, provided you supply an accurate mailing list to the IAM Office two weeks before the
letter is due to be mailed. Identify those receiving email updates.
Email Ministry Updates. If you send regular email updates about your ministry to supporters,
please include the IAM Office Administrator and IAM Board on your distribution. If you
send the same update via a printed newsletter, revise your list to exclude duplicate recipients
from email and print mailing lists.