The McKnight Foundation is transitioning to an electronic payments system. The new system will allow us to transfer funds to our vendors more quickly and securely than we can currently. In researching the conversion to an electronic payment system, we solicited input from a number of payees. Overwhelmingly, those contacted were in favor of receiving payments electronically. In addition, the transition reflects McKnight’s commitment to the environment (less paper!), our dedication to operational excellence, our obligation to be good stewards of Foundation resources, and our continued duty to provide our vendors with prompt payment for their goods and services.Beginning in January 2012, the Foundation’s payments to U.S. vendors will be made via the Automated Clearing House (ACH), which is a secure network connecting all U.S. financial institutions. The ACH network acts as the central clearing facility for all U.S. Electronic Fund Transfer (EFT) transactions, such as direct deposits, electronic payments, and debit-card payments.
To enroll in the new payment system, please complete the Authorization Agreement for Direct Deposit of Payments below. You may mail the form to the attention of Accounts Payable at the Foundation’s office. If you prefer, you may fax the completed form to the attention of Accounts Payable at 612.332.3833.
By submitting this information, you agree to allow The McKnight Foundation to remit your payment electronically. If your bank routing instructions change at any time, please be certain to inform us. Please be assured that your banking information will be protected and held in a secure location.
For questions regarding electronic payments, please refer to Frequently Asked Questions (FAQs) below. I you have any further questions or comments, please contact the Foundation’s controller, Therese Casey, directly at email@example.com. As this payment transition moves forward, we sincerely appreciate your partnership and welcome any feedback to improve the service.
Forms and Documents