Mennofonds, a fund established by the Algemene Doopsgezinde Sociëteit on 5 January 1920 for the purpose of borrowing money from congregations and individuals at a low interest rate and investing it at a higher rate to obtain means for raising the salaries of the ministers. This plan, though the planned amount of one and a half million guilders was not reached, was successful. Klaas Dekker Jzn, a deacon of Zaandam, had suggested the plan. The treasurers of the A.D.S. took charge of the fund. In 1947 the total borrowed amount was redeemed.

Bibliography

Adapted by permission of Herald Press, Scottdale, Pennsylvania, and Waterloo, Ontario, from Mennonite Encyclopedia, Vol. 3, p. 585. All rights reserved. For information on ordering the encyclopedia visit the Herald Press website.

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