{"id":5,"date":"2016-01-29T10:12:39","date_gmt":"2016-01-29T10:12:39","guid":{"rendered":"https:\/\/the7.io\/beauty-studio\/?page_id=5"},"modified":"2021-04-15T16:22:44","modified_gmt":"2021-04-15T06:22:44","slug":"about-us","status":"publish","type":"page","link":"https:\/\/sydneycdf.org.au\/about-us\/","title":{"rendered":"About CDF"},"content":{"rendered":"

[vc_row type=”vc_default” css=”.vc_custom_1476008791393{padding-top: 70px !important;padding-bottom: 25px !important;}”][vc_column offset=”vc_col-lg-12 vc_col-md-12 vc_col-xs-12″ css=”.vc_custom_1615510200649{padding-bottom: 50px !important;}”]

<\/div>

The Catholic Development Fund Sydney (CDF)<\/h2><\/div><\/div>[vc_column_text]The Catholic Development Fund (CDF) was established by Cardinal Clancy in 1993. We are governed by our Charter and Rules and are administered by the Archbishop through an Advisory Board.<\/p>\n

We exist solely to benefit the Charitable Works of the Archdiocese of Sydney and its Parishes.\u00a0 We are a means through which Catholic Church entities can make the most of their financial resources and activities by distributing surpluses to further our mission through Charitable Works.<\/p>\n

CDF Sydney exclusively services a range of Catholic Entities including Parishes, Schools, Agencies, Chaplaincies, Religious Institutes, Clergy and any entity that falls within the definition of an \u201cAssociate\u201d under the Corporations Act 2001 (Act) Exemption Instrument 2016\/813 (Wholesale Charitable Investment Fundraising) and an \u201cAffiliate\u201d under the Banking Exemption No. 1 of 2017 of the Banking Act 1959.<\/p>\n

CDF Sydney does not and will not offer, issue or sell products to individual retail investors who are not Associates and Affiliates, and as such, its products are not retail products and are therefore not available to the general public.[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” equal_height=”yes” content_placement=”middle” bg_type=”bg_color” type=”vc_default” css=”.vc_custom_1498804043002{padding-top: 70px !important;padding-bottom: 20px !important;}” bg_color_value=”#f5f5f5″][vc_column css=”.vc_custom_1498755622313{padding-bottom: 50px !important;}” offset=”vc_col-lg-8 vc_col-md-7″]

<\/div>

Message from the Archbishop<\/h2><\/div>
My Dear People<\/p>\n

The Catholic Development Fund is built around the simple philosophy that we all benefit through the pooling of Church funds rather than depositing directly in multiple places with the for-profit banking system. The CDF pays a competitive rate of interest on deposits and uses these funds to provide loans for the building of schools, parish churches and facilities, hospitals and aged care on favourable and competitive terms. The surpluses generated by the CDF are retained within church \u2013 without the CDF, these surpluses would have been retained by the banks as profits for their shareholders.<\/div><\/div>[vc_row_inner][vc_column_inner width=”2\/3″]

<\/div>

+ (Most Rev) Anthony Fisher OP<\/h4><\/div>
Archbishop of Sydney<\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/3″]