CDF - Catholic Development Fund | Archdiocese of Canberra and Goulburn

Charter & Mission

Charter

The CDF was established on 1 January 1987 as an amalgamation of the separate Provident Funds of Canberra & Goulburn. It was formed to assist in the implementation of the mission of the Church in the Archdiocese by seeking deposits, making loans, providing advice, assisting income generation and by prudent financial management.

Functions

  • The provision of treasury facilities for the Church: accepting funds from agencies of the Church and returning them an adequate interest rate.
  • Making funds available to the agencies of the Church on projects approved by the trustees.
  • Providing loan facilities to non archdiocesan entities to benefit the local church or to expand the Kingdom of God.
  • Providing an opportunity for lay members to deposit funds with the CDF to benefit the Church in the knowledge that the CDF is exempt from the Banking Regulations. 
  • Returning to the archbishop by way of an annual appropriation, a percentage of any operating surplus.
  • Providing advice as required to parishes and other church agencies on financial issues relating to church matters and operations - especially building projects.
  • Acting as a good corporate citizen by abiding by all legislation relevant to its operations.
  • Forming constructive working relationships with Catholic Development Funds throughout Australia and New Zealand.

Mission

The CDF assists in the implementation of the mission of the Church in the Archdiocese of Canberra & Goulburn by:

  • Lending funds on deposit with the CDF to parishes, schools and agencies.
  • Investing uncommitted funds in secure bank products that will provide a reasonable return.
  • Providing advice to parishes & agencies on financial matters.
  • Returning an annual appropriation to the Archdiocese.