$1.2 million in grants from nib foundation

News

The nib foundation made 26 grants totalling $1.2 million in 2016-17 according to its latest report.

Since it was established in 2009, the foundation has made total grants of almost $16 million, providing $1-$2 million annually for partnerships focused on community health initiatives in the Hunter and across Australia.

It made grants to ten new community groups in 2017, including Camp Quality, Diabetes NSW and ACT, Arthritis Queensland and Conservation Volunteers Australia.

It continued its long-standing partnership with food rescue organisation OzHarvest, including a three-year commitment that is supporting the organisation to establish the service‚Äôs operations in Western Australia. It approved a further three-year funding for OzHarvest Newcastle, which will take to $680,000 its grants to the organisation over ten years.

"We are proud of the results achieved by our partnerships with various local and national charities across Australia and are thrilled to be able to support impactful initiatives that help thousands of Australians live healthier lives," said the foundation in its report.

"Our partnerships are a great example of how a modest amount of funding can help local not-for-profit groups make a real difference by tackling identified needs in their own community."

The foundation was established in 2008 with a $25 million donation from nib health funds. The donation was raised through the issue of new shares at the time of the company's listing on the Australian Securities Exchange in 2007. The foundation is managed to ensure it is able to make grants for 20-25 years. The balance at 30 June 2017 was $19.2 million.