About our investment approach
Beyond our grant making program, we also engage in impact investment as one way of unlocking additional capital from the Trust to help solve social problems and thereby increase our impact. We look for impact investment opportunities that deliver either a financial return and / or positive social outcome. The impact investment market is an evolving one and we believe this is an innovative way to support financially sustainable initiatives that address social issues.
To date, the NAB Foundation demonstrated the strategic role of philanthropy by enabling an Australian-first social finance transaction to use philanthropic guarantees. The transaction enabled Sacred Heart Mission to expand its 'Journey To Social Inclusion Program' (J2SI). Find out more about this innovative program to provide better outcomes for people experiencing long-term homelessness here.
Overtime, we plan to invest our underlying assets with a clearly articulated socially responsible investment position.
Governance and management
The NAB Foundation is a Private Charitable Trust established in 2008 under its previous name, MLC Community Foundation. Changing to the NAB Foundation in 2016 reflects the whole of the NAB Group’s support of the Foundation and we continue the legacy of providing vital funding, awareness and advocacy support to social purpose organisations.
The NAB Foundation is governed by Australian Executor Trustees Limited. The Foundation’s management team - Lucy Doyle and Claire Elliott, are part of NAB’s Corporate Responsibility team and are accountable to the Trustee for delivering on all operational matters and execution of strategies and programs.
The NAB Foundation began as part of the MLC business, which has a long standing and established commitment to supporting the communities in which their people live and work. From 2000 to 2008, MLC's People and Community Trust (known as Pact) supported programs and initiatives that were designed to make a lasting difference to the community. This was achieved by providing opportunities for their employees to be involved in, to enrich both their lives and the lives of others.
The name 'Pact' signified the commitment that was made between employees, MLC and the community and a charter was developed that had input by a cross section of employees.
In September 2008, the MLC Community Foundation was established as a Private Charitable Trust overseen by a Trustee and registered with the Australian Taxation Office. This marked a real commitment to securing a long term, sustainable pool of funds with which to support the community. Just as MLC Community Foundation's name was chosen to represent and acknowledge the heritage of MLC, the transition to NAB Foundation in 2016 is a reflection of the whole organisation’s support behind the foundation.
Today, as a part of NAB’s broader social impact approach, we look to support the community organisations we work with beyond financial grants by drawing on the skills, expertise and resources from across the NAB Group. This is another important way we continue to reflect the foundation’s origins of employee engagement in the community.
NAB Foundation, ABN: 27 308 230 413