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NEW COMMUNITY FOUNDATION LAUNCHES IN THE SUTHERLAND SHIRE

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Charities and not-for-profit organisations in the Sutherland Shire will be $100,000 better off in 2017 with the establishment of a new Community Foundation.

Launching today with a call for applications, the Shire Community Foundation is an initiative from IMB Bank after the completion of a merger with Shire …Local Banking in July 2016. IMB Bank has committed to supporting a dedicated local Community Foundation with the allocation of $100,000 each year for the next three years.

The IMB Bank Community Foundation is now in its 17th year, having donated more than $8m to support 550 projects in the areas in which it operates.

Former Chairman of Shire …Local Banking, Daryl Chipperfield, said the new Shire Community Foundation would provide much-needed support and investment to a wider range of charity groups in the region.

“IMB Bank Community Foundation has given financial support to 27 local projects since its inception but the reality is that there are many more worthwhile causes that need assistance.

“By establishing the Shire Community Foundation and committing $100,000 a year for the next three years, even more organisations will receive much needed assistance,” Mr Chipperfield said.

“I would like to encourage any community group in the Shire that needs additional funds to apply to the new Foundation.”

IMB Bank CEO Robert Ryan said the new Shire Community Foundation would be welcomed by community groups in the area.

“There are always many more incredible projects than there is funding available. I see this each year when we receive applications for the IMB Bank Community Foundation so I am delighted to be able to further assist the Shire region beyond what we already do.

“When we fund projects, the community benefits go way beyond just the actual organisation. By providing financial assistance, we enable groups to deliver much-needed services to others in the local area who need help.

“Without our assistance, they may not be able to start up or grow, if they are already established, so The Shire Community Foundation will be of significant benefit to the community,” Mr Ryan said.

For further details and to download applications, go to imb.com.au/shirecommunityfoundation