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Objectives

The IMB Bank Community Foundation is committed to building and strengthening our local communities – in doing so we adhere to a set of objectives to help determine the types of projects that receive funding.  Applications for funding will be assessed against their ability to help deliver on these key objectives.

  • 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);
  • 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 benefits;
  • To promote the mutual and self-help philosophies of IMB;
  • To identify and support activities that encourage self-sufficiency through transfer of skills and knowledge, and that may develop new physical resources;
  • To encourage and support volunteer inputs throughout the communities;
  • To strengthen IMB’s community and business networks;
  • Ultimately, to build and strengthen "community assets".

Criteria

The IMB Bank Community Foundation will seek to support projects that can demonstrate collaboration with other groups within the community.

In addition, preference will be given to projects that demonstrate a high degree of self-help, either in the form of the applicant’s own efforts and work already undertaken, or in the form of actual physical or financial resources already committed to the project.

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

  • Geographic proximity to an IMB branch
  • Community input in the project and the benefits the project will create for the community
  • Reach and impact of the project
  • The project’s ability to become self-sustaining over time
  • The project's ability to transfer skills and knowledge
  • Innovation - in relation to the project itself or its “new to your community” features
  • Promotional Opportunities – willingness to “partner” with IMB in promotional activity
  • Evaluation – do you have a plan to properly evaluate the degree of success for your project

Constraints

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

  • Projects that involve advocacy for particular groups or sections of the community;
  • Sporting or 'event' sponsorships;
  • Donations to charities or to welfare groups;
  • Budget deficits on projects in progress;
  • Professional fees, wages or salaries;
  • Travel, accommodation and meal expenses*;
  • Projects from organisations with specific political objectives;
  • Projects promoted by and/or involving commercial or profit-seeking organisations
  • Organisations that maintain discriminatory practices;
  • Other foundations that are grant making bodies;
  • Capital expenditure (unless forming an integral part of a project*).

*The Committee closely assesses each application 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.
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, e.g. local government organisation procedures, etc.., we will discuss with you the possibility of specific alternative arrangements.

 

Future Heroes

To celebrate our 21st birthday, the ICF is proud to introduce the $50,000 Future Heroes Category. This is funding that is earmarked for supporting projects led by under 30s.

To be eligible for Future Heroes funding, projects must:

  • Satisfy existing IMB Bank Community Foundation objectives, criteria and constraints.
  • Select the Future Heroes eligibility box within the ICF application form.
  • Be primarily led by a person(s) who is aged 30 or under (at 28 February 2020).
  • Where the primary project leader is under 18, a responsible adult must act as signatory on all documentation. This person will also be ultimately responsible for ensuring project delivery.
  • If the ICF committee is unable to award the full $50,000 in grants to Future Heroes projects, remaining amounts will be returned to the general ICF pool and allocated to other projects as the ICF committee sees fit.

 


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Helping build and strengthen our local communities since 1999

As a mutual bank, supporting our local communities is important to us. We believe in supporting projects that foster inclusion, encourage volunteering and create sustainable outcomes, enabling the communities around us to thrive.

Over the last 20 years, The IMB Bank Community Foundation has invested over $10 million to support over 700 community projects. We’re very proud of the projects we’ve supported and each year we marvel at the wonderful achievements of our funding recipients.

These diverse and meaningful grassroots programs are found wherever IMB Bank operates — Sydney, The Hunter, The Illawarra, Southern Highlands and Far South Coast NSW.

Previous funding recipients

Farmborough Heights Rural Fire Brigade

A thermal imaging camera will enable The Farmborough Heights Rural Fire Brigade’s volunteer members to fully interpret a fire scene providing accurate situational awareness both day and night. It will also assist in search and rescue operations at any time and in any light conditions.

Giralang/Kaleen Men's Shed

The Giralang/Kaleen Men's Shed offers all men access to a range of activities including a woodworking workshop, garden, physical activity such as walking, and social interaction. Members will be trained in first aid to support shed members if needed.

Girl Guides Association of NSW

Building on a century of adventure, fun and friendship, Girl Guides empowers girls and young women to grow into confident, self-respecting, responsible community members. The project will allow Girl Guides to offer abseiling, high ropes and rock-climbing experiences in the local region providing opportunities for the girls to grow, learn and have fun in the outdoors.

See all recipients

 

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Why choose IMB Bank?

Established in 1880, IMB has been helping people achieve their financial goals for 140 years. IMB offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking and can arrange financial planning, insurance and travel products.

IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you. IMB members enjoy access to free automated phone and internet banking and a team of professionals who are just a phone call away at our locally based call centre.

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