Supporting the community for over 50 years
Stewards Foundation of Christian Brethren (SFCB) provides financial services and support to Christian Community Churches, schools and associated services in Australia. We have been doing this for over 50 years.
Our primary aim is to provide funding and support so that our churches, schools and ministries can grow, flourish and help others.
We help churches with their investments, loans and insurance. We can also act as a trustee for matters connected with use, management and maintenance of church-owned properties.
The Foundation is administered by a Committee of respected persons from Christian Community Churches across Australia. As a combined group the Committee has expertise and experience in:
- Financial management
- Corporate leadership
- Corporate governance
- Service focus
- Christian ministry
Our current Committee comprises the following people:
- Ross Bunyon – Chairman
- Rob Kolbe – Deputy Chairman
- Peter Weldon – CEO
- Steve Lower
- Mark Jaggers
- John Lyndon
- Bruce Towill
- Alex Worley
A proud history of providing financial support
First established as a company on 16 July 1965, the Foundation became a religious Charitable Development Fund, as defined by the Australian Prudential Regulation Authority (APRA), in 1989.
Charitable funds are established by religious organisations to seek investments from the public in order to provide loans and other financial assistance to their communities.
The NSW parliament enacted the Stewards Foundation of Christian Brethren Act 1989 No. 172 and from that time the Foundation has operated under this Act. A copy of the Act can be found at:
Over our 5o-year history we have supported the Christian community in numerous ways, including:
- lent more than $21 million to the community
- supported 70 Christian Community Churches across Australia
- funded the construction of 10 new churches in NSW
- assisted five schools with seed finance
- built four retirement villages
- provided $30,000 to the charity Hands & Feet to feed more than 3,000 needy people
- provided $1,000,000 in disaster relief funds in Australia
As the holder of an Australian Financial Services Licence (AFS Licence No 458495), the Foundation is required to meet a range of compliance and risk management conditions. AFS licences are issued by the Australian Securities and Investment Commission (ASIC), which regulates the provision of financial services in Australia.
SFCB’s fundraising activity comes within the definition of banking business under the Banking Act 1959, and APRA has exempted SFCB from the requirement to be authorised under the Banking Act.
This means SFCB is not prudentially supervised by APRA and contributions to SFCB do not obtain the benefit of the depositor protection provisions of the Banking Act 1959.
SFCB is also a charity within the meaning of Regulatory Guide 87 and Class Order 02/184 issued by ASIC.