Funding Update: Another nib Good Cause Grant!

Fertiliser Distribution

We are grateful to our Ambassador, Kim Napier, who rallied her colleagues and secured a $5,000 grant for our charity through the nib Foundation’s Good Cause Grant program. This is the second year in a row we have received this funding. Last year’s grant supported children to virtually learn through the Khmer language program at Human and Hope Association Cambodia. This program supplements public school education so the students can learn to confidently read and write in their native language, and progress at public school.

The $5,000 received in the 2021 grants round will be headed straight to our program partner, HHA Cambodia, who will use it for their COVID-19 response program, which includes online learning, hygiene outreach, food production and emergency food packs.

We are so grateful to the team at nib for voting for us, and to Kim for advocating for us!

About the NIB Foundation

nib foundation was created in 2008 as an independent charitable trust 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.

Their founders continue to support the charitable activity of nib foundation through the provision of unclaimed dividends from their shareholder base. Since 2018 over $1.8 million in unclaimed dividends payments have been transferred to nib foundation Limited to further their mission of helping people and communities lives healthier lives.

nib foundation is comprised of two charitable entities:

  • nib foundation Limited is a charity registered with the Australian Charities and Not-for-profits Commission (ACNC) with a charitable purpose of advancing health and advancing social or public welfare.
  • nib foundation Trust, also registered with the ACNC, is a Private Ancillary Fund (PAF) that provides funding support to registered Australian charities with Deducible Gift Recipient (DGR) and Charity Tax Concession status.

Together these two entities provide $1.5-$2 million in grants and funding to their partners each year.

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