About the Catholic Development Fund (CDF)
The first Catholic Development Fund (CDF) was established in Melbourne in 1956 for the purpose of raising capital to build Catholic schools. It was originally called the Schools Provident Fund. In a city experiencing a post-war population boom, the Church built the Fund on the faith of the Catholic people, to whom the education of their children was of vital importance. Set up on a co-operative basis, the Fund allowed Catholics living in the more settled parishes of Melbourne to assist schools in the developing areas.
Its success led to a movement which saw the start of similar Funds throughout Australia and New Zealand. In 2014 CDF Melbourne amalgamated with the Diocese of Sale CDF and in 2016 with the Diocese of Bunbury CDF, forming a single CDF (the Fund) serving three Dioceses. Across Australia there are 22 Development Funds, funding a wide range of Catholic infrastructure beyond schools to better serve the Catholic and wider community. In December 2017 CDF Melbourne partnered with 10 other Dioceses to offer a dedicated Fund for lay investors. This is known as the CDF Community Fund.
In support of the Church, CDF generates funds by providing personalised financial services, to meet all borrowing needs of Catholic organisations for the benefit of the Catholic community.
Our Guiding Scriptures:
- Purpose: ‘Go, therefore, make disciples of all nations, baptising them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded to you. And surely I am with you always, to the very end of age.’ (Matthew 28: 19 – 20)
- Care for others: ‘A new commandment I give you: Love one another. As I have loved you, so you must love one another. By this everyone will know that you are my disciples, if you love one another.'(John 13: 34 – 35)
- Sharing of wealth: ‘”What should we do then?” the crowd asked. John answered, “Anyone who has two shirts should share with the one who has none, and anyone who has food should do the same.”‘ (Luke 3: 10 – 11)
The CDF Annual Report FY18 describes the Fund’s activities undertaken between 1 July 2017 and 30 June 2018 to meet the needs of the Catholic Church, regulatory obligations and contribute towards achieving our mission.