Who we are
nib foundation is a Private Ancillary Fund (PAF) that provides funding support to Australian not-for-profits 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 $10 million in grant funding to 60 charity partners to deliver practical health programs. Our corpus is invested, and the balance at June 2013 was $22.7 million.
Whilst 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 $2 million in funding to support a range of Multi-Year Partners and Community Partners.
- Multi-year grants of up to $500,000 per year, generally for a period of at least three years
- Address issues of a significant regional and/or national prevalence
- Potential partners are identified by a proactive approach. Unsolicited proposals are not accepted
- Charities must have the expertise and capacity to develop and deliver programs that address a clearly identified need
- Programs must have the opportunity to scale and replicate
- Funding of up to $50,000 for projects that run for up to 12 months
- Open application-based annual Community Grant round held mid-year
- Aim to support locally-based initiatives that foster community engagement and improved health outcomes in communities across Australia.
See our Funding page for more information about our grants.
Our Focal Areas
Our support is focused on improving the health and wellbeing of young people and carers. We identified these groups during our establishment as people with growing, unmet health needs, where there were gaps in existing services and we could make a real difference. Our commitment to young people and carers remains a key focus for the foundation today.
While the majority of Australians are enjoying improvements to overall health and wellbeing, the next generation still face significant health challenges. Mental health issues, at-risk behaviours such as drugs and alcohol use and addiction, and obesity, continue to affect the health of youth across the country.
To help tackle these issues, we support a range of innovative and age-appropriate health services, many of which take a unique approach to addressing these health concerns.
Often invisible contributors to the health of the community, Australia's 2.6 million carers have been identified as facing the lowest levels of wellbeing in society.
Their dedication to helping others often leads to significant personal challenges including employment difficulties, lack of time to maintain personal physical and mental health, as well as stress and depression.
To help carers maintain positive health and wellbeing, we fund programs that provide these generous individuals with the additional support and resources they need to improve their lives.
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 have already improved the lives of more than 35,000 Australians, and by continuing to challenge the way we currently address health and wellbeing issues, we believe we can make a difference to more than 50,000 Australians by 2015.
Our commitment to our partners is not just reflected in the $10 million of 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.