Anglican Investment and Development Fund
The Anglican Investment & Development Fund, Diocese of Canberra and Goulburn (AIDF) celebrates its 50th Anniversary in 2017.
The fund was established in 1967 by a small group of dedicated finance professional lay parishioners, along with the support of Bishop Warren and a $1,000 loan.
Today the AIDF has grown to hold approximately $100m in total assets and offers a variety of products and services. Funds invested with the AIDF are used to provide loans to parishes and other diocesan agencies, including schools, for building or other capital works projects. The fund also makes housing, car and personal loans to clergy and other persons employed by the Diocese.
The Fund has operated profitably every year since inception. Profits are retained and used to build reserves and make grants to the Diocese. AIDF’s operations are guaranteed by the Diocese and its financial performance has continued to strengthen.
The AIDF’s core purposes of being a strong and significant supporter of local parishes, including their community activities and buildings, aligns with the Investors’ desires of not only receiving competitive and accessible accounts but also of supporting their own community. The AIDF investors are a fundamental reason for the success of the AIDF over its long history.
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