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
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.
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.
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.
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.
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 $15.8 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.
information about the foundation and our partners please see our latest Community Report.