The Revolving Fund is a fund that is managed by the Seventh-day Adventist Church in Canada and is available for loans to churches and schools within its territory, for the purpose of financial capital projects.

The Revolving Fund was established to help the financing of church and school building programs by providing finances at a relatively low rate of interest.

Money is deposited in the Revolving Fund by members and institutions of the Seventh-day Adventist Church in Canada. Your investment in the Revolving Fund can be covered by a Trust Agreement through the Trust Services of your local Conference or Seventh-day Adventist Church in Canada.

All deposits can be returned to you at your request, but we would ask for a 30 days’ notice. However, in the case of an emergency, the deposit can be returned immediately upon receipt of a written request.

When a new account is opened, a three-part Deposit Agreement Form will be sent to each depositor indicating the amount of deposit, terms of deposit and rate of interest.

When a deposit is made in the Revolving Fund, interest will be calculated beginning the day the deposit is received. Interest rates are reviewed periodically by the Seventh-day Adventist Church in Canada and adjusted based on current market conditions. The current interest rate is 3.25%.

Interest is computed monthly and cheques are normally sent out to depositors semi-annually on June 30 and December 31. If desired, interest may be credited to the account and compounded semi-annually on the above dates.

Deposits in the Revolving Fund are not insured by any agency of the government. However, reserves have been placed in the fund by the local Conferences in accordance with General Conference policy, thus protecting depositors against any loss.

When a deposit is made to the Revolving Fund by sending a cheque, money order, postal note, etc…, a letter confirming receipt of funds is issued. Deposits can be sent directly to the Seventh-day Adventist Church in Canada at 1148 King St. E., Oshawa, ON L1H 1H8.

For most individuals there can be a significant savings to the estate if the Revolving Fund deposit is covered and distributed through a Trust Agreement with your local Conference or Seventh-day Adventist Church in Canada. In the event there is no such Trust Agreement or the Agreement does not instruct otherwise, your deposits are returned to your estate to be distributed by your will.