The Foundation was established in 1955. The Stewards' Foundation (N.Z.) Incorporated (our full legal name) is an Incorporated Society and is a registered charitable entity in terms of the New Zealand Charities Commission (CC10589). For more information, visit the Charities Register at www.charities.govt.nz.
The Foundation is a highly specialised lender. We lend on a first mortgage basis to Brethren assemblies and institutions (such as camps), and also to full time church workers and missionaries. That's all.
To fund our work, we borrow from depositors on an unsecured bond basis, and we have a sound investment strategy for investing our surplus which we have accumulated over many years. Income from that covers our costs and can subsidise interest rates we charge borrowers.