Who we are
nib foundation is a Private Ancillary Fund (PAF) that provides funding support to registered Australian charities with Deducible Gift Recipient (DGR) and Charity Tax Concession status.
The foundation was created in 2008 following a $25 million donation from nib health funds, which was raised through the issue of new shares at the time of listing nib on the Australian Securities Exchange (ASX) in November 2007.
Since inception, the foundation has committed more than $15 million in grant funding to 105 charity partners to deliver practical health programs that are making a real and measurable difference to the health and wellbeing of people and communities.
Our corpus is invested, and the balance at June 2016 was just under $20 million.
While nib foundation is a separate legal entity governed by an independent Board of Directors, we retain close ties with our founder nib health funds. The foundation operates from nib's head office in Newcastle where we receive significant operational and in-kind support, allowing us to keep our overheads low and maximise the funding we allocate each year for community health benefit.
Our grant programs
Each year, we aim to provide up to $1.5-2 million in funding to support a range of Multi-Year Partners and Community Partners.
Following a strategic review in 2016, we have restructured our grant programs to focus on specific areas of need to help tackle the health and wellbeing challenges facing Australians across the country.
We invite you to browse the Funding pages to learn more about the grants we offer.
The foundation continues nib's long history of supporting the health and wellbeing of communities in the Hunter region and around Australia.
Together with our partners, we believe we have improved the health and wellbeing of more than 50,000 Australians, who have participated in the programs we fund.
Our commitment to our partners is not just reflected in the $14.6 million in funding we have granted since our establishment. We are advocates in supporting healthy communities to improve the lives of Australians now and for future generations.
For more information about the foundation and our partners please see our latest Community Report.