Invest In Ministry
The Development Fund's Special Assistance Plan is suitable for investors who wish to enhance support to the Uniting Church. Instead of receiving interest, investors can suggest a congregation or program of the Uniting Church that they would like to assist.
Key Features
- A nil-interest bearing account.
- Depositors suggest programs of the Uniting Church they would like the Development Fund to support. (Assistance can be given to a congregation, presbytery, agency or organisation of the Uniting Church).
- The interest foregone is credited to the Development Fund Reserve and a grant is made to the suggested group every six months. Alternatively, when Uniting Church groups apply for a loan, depositors may invest in the Special Assistance Plan earmarked to assist the loan. The interest foregone is offset against the interest expense, reducing interest on the loan to 1%.
- $100 minimum deposit.
- Investors are not liable for income tax as there is no income earned on this account.
- Capital is guaranteed by The Uniting Church in Australia Property Trust (Victoria).