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IMB Bank Shire Community Foundation Grants

The Shire Community Foundation was established in 2016 to provide financial support and investment dedicated to community groups and projects in the Sutherland Shire region.

IMB Bank created the Shire Community Foundation in 2016 with a commitment of $100,000 p.a. for three years dedicated to supporting a wide range of community groups in the Sutherland Shire region. To date the IMB Bank Shire Community Foundation has supported 29 projects in the region with $200,000 of funding.

The IMB Community Foundation strives to achieve the following objectives: 

  1. To encourage and assist economic, social and environmental diversification within the communities in which IMB operates (projects must have strong links to the areas in which IMB members live and work);
  2. To advance shared prosperity and sustainability in the region by supporting social, cultural, environmental, heritage, educational, tourism and economic initiatives within communities, which will ultimately provide economic and social benfits;
  3. To promote the mutual and self-help philosophies of IMB;
  4. To identify and support activities that encourage self-sufficiency through transfer of skills and knowledge, and that may develop new physical resources;
  5. To encourage and support volunteer inputs throughout the communities;
  6. To strengthen IMB’s community and business networks;
  7. Ultimately, to build and strengthen “community assets”.

Project applications are assessed by the IMB Community Foundation according to the below Criteria and Constraints.

Criteria: Project applications are assessed by the IMB Community Foundation Committee according to the following:

  1. Geographic proximity to an IMB branch
  2. Community input in the project and the benefits the project will create for the community
  3. Reach and impact of the project
  4. Project sustainability
  5. The project’s ability to transfer skills and knowledge
  6. Innovation – in relation to the project itself or its “new to your community” features
  7. Promotional Opportunities – willingness to “partner” with IMB in promotional activity
  8. Evaluation – do you have a plan to properly evaluate the degree of success for your project

In addition, the Assessment Committee will take into account the organisational maturity and its backing of the project, and the experience of its proponents. It will consider the “value for money” balance and the general nature of the expenditure.

Constraints: As a guide, the IMB Community Foundation will generally not fund the following:

  1. Projects that involve advocacy for particular groups or sections of the community;
  2. Sporting or ‘event’ sponsorships;
  3. Donations to charities or to welfare groups;
  4. Budget deficits;
  5. Travel, accommodation and meal expenses*;
  6. Projects from organisations with specific political objectives;
  7. Organisations that maintain discriminatory practices;
  8. Other foundations that are grant making bodies;
  9. Capital expenditure (unless forming an integral part of a project*).

* With regard to constraints 5. and 9., the Committee closely assesses the project before anything is ruled out on these grounds. It is accepted that either type of expenditure may well be an integral part of a whole project.

Furthermore, the IMB Community Foundation supports projects that meet its objectives.

If you have any questions, please submit them via our online enquiry form or call 1800 223 242.

Important Note: 

If your application is successful, your organisation will be required to have open a current bank account with IMB for the purpose of direct transfer of funds. If there are extenuating circumstances, eg. local government organisation procedures, etc.., we will discuss with you the possibility of specific alternative arrangements.

Applications close 28 February, 2019 at 5pm (AEST).

For more information and to apply.