About Us
The Anglican Investment & Development Fund (AIDF) receives funds from investors and provides loans to parishes and other diocesan agencies (e.g. schools) for building or other capital works projects.
The AIDF also provides housing and personal loans to clergy and other persons employed by the diocese.
The Anglican Investment & Development Fund provides members with the opportunity to:
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invest in an ethical alternative
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support the mission of the Diocese of Canberra and Goulburn
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benefit the community through enhancing diversity and education options
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encourage parishes to develop and grow
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benefit from great interest rates & fee free services
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a safe & secure investment, guaranteed by the Diocese
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The Fund does not hold an Australian Financial Services Licence.
The Fund has lodged an Identification Statement with ASIC as required by ASIC Corporations (Charitable Investment Fundraising) Instrument 2016/813. To view our Identification Statement click here.
The Fund is not prudentially supervised by the Australian Prudential Regulation Authority. Therefore, an investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959.
Our history
The Anglican Investment & Development Fund, Diocese of Canberra and Goulburn (AIDF) 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. The purpose was to subsidise loans and to make grants to parishes and diocesan agencies out of the profits.
The Fund has operated profitably every year since inception. Profits are retained and used to build reserves and make grants. The AIDF has voluntarily adopted capital adequacy guidelines as the appropriate standard for maintaining and increasing reserves each year. Reserves are invested in order to further support investors’ funds. Today the fund has grown to have around $90m in total assets and an annual profit in the order of $1m.
The AIDF is established under the AIDF Ordinance which includes a diocesan guarantee of the fund and outlines its purposes.
The AIDFs 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.
The AIDF provides fee-free accounts, including access (everyday accounts) and term investments paying consistently highly competitive interest rates. Our online “community saver account” provides a strong return to the investor and the AIDF will donate a percentage to your parish or favourite Diocesan entity.
The AIDF offers secure ‘Online Transaction Services’ functionality including BPay, MYOB, Banklink (accounting), Cemtex (business salary files) and third party payment functionality. The system provider is Data Action, who has many clients in the Credit Union sector. The AIDF also participates in the Bulk Electronic Clearing System (BECs), through Indue.
The AIDF BSB is 702-389 (online use only).
Founding Members
our team
Founding Members
Board members
Eugene has more than 25-years experience providing professional services to High Wealth Families and private family businesses operating in the property industry and Emerging companies. He holds a Masters degree in Taxation, Bachelor of Commerce and is a Fellow of the Institute of Chartered Accountants.
Eugene is a Director at Hardwickes Chartered Accountants, a locally based independent professional services firm established 70- years ago.
Robyn has 25 years' experience in the Australian and ACT Public Service as well as 4 years in teaching English, Economics and Accounting to secondary school level, and 7 years lecturing at University of Canberra in Building management related topics and policy topics at the Australian National University, Canberra. From 2011 to 2014, Robyn was a Director on the Board of ACTTAB (ACT Government business enterprise) and in 2019, she was appointed Adjunct Professor at the University of Canberra. In 2020, Robyn was appointed the President of the ACT Chapter of AIB (Australian Institute of Building) and has been a member of the ACPT (Anglican Church Property Trust) Board since 2021. Robyn holds a Diploma of Education, Bachelor of Economics, Master of Public Policy and a Doctorate of Philosophy.
Adam is a Partner at ORIMA Research and has over 30 years of experience in economic, social policy and market research. Adam held various economic analyst positions in the Commonwealth Treasury before becoming the Senior Adviser (Domestic Economy) in the Department of the Prime Minister and Cabinet in 1998. Since 2000, Adam has been engaged in private consulting and conducted, or assisted with, numerous Commonwealth government program evaluations, performance audits and a broad range of surveys and data analytics for public sector agencies. Adam lectured Economics at the Australian National University (ANU) between 2011 and 2014 and was appointed Executive Director of the Social Policy Evaluation, Analysis and Research Centre of the ANU. Adam holds a Bachelor of Economics (First Class Honours).
advice to investors
Your investment in the Fund will be used to support the charitable purpose of the Fund by allowing it to:
make loans to the Diocese, Diocesan agencies, schools and Ministry units for building and other purposes that support the mission of the Diocese,
make grants to the Diocese out of any surpluses from its operations for use by Bishop-in-Council to further the mission of the Diocese,
make donations out of any surpluses from our operations to Parishes or other Diocesan agencies.
The Fund is required by law to notify investors that:
investments in the Fund are not subject to the usual protections for investors under the Corporations Act or to regulation by the Australian Securities & Investments Commission (ASIC),
the investment is only intended to attract investors whose primary purpose for making their investment is to support the charitable purpose of the Fund,
investors may be unable to get some or all of their money back when the investor expects or at all,
investments in the Fund are not comparable to investments with banks, finance companies or fund managers.
The Fund does not hold an Australian Financial Services Licence.
The Fund has lodged an Identification Statement with ASIC as required by ASIC Corporations (Charitable Investment Fundraising) Instrument 2016/813. The statement is available here.
The Fund is not prudentially supervised by the Australian Prudential Regulation Authority. Therefore, an investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959.
Investments with AIDF are backed by AIDFs substantial reserves and the AIDF is guaranteed by the Diocese of Canberra and Goulburn.
have a question?
Please use our form below to get in contact with us.
have a question?
Please use our form below to get in contact with us.