In the Community
The IMA Foundation, which was created shortly after the creation of the company, historically has been funded with the company’s profits. As an employee-owned company, this demonstrates IMA’s commitment to the community and it is an important aspect of our business. With our associates at the core of our business, the goal of the IMA Foundation is to represent the passions of these individuals. The IMA Foundation emphasizes organizations that our associates are proud to be a part of within the foundation focus areas.
IMA Foundation Grant Process
Note: Deadlines are May 1 and October 1 of each year.
Step 1: Determine if your organization meets the eligibility requirements. It is recommended that organizations email in advance of submitting an LOI to ensure that the organization’s request is a fit for the IMA Foundation.
- Legal Nonprofit – The organization must be a 501c3 nonprofit organization to be considered for IMA Foundation funding.
- Focus Area – The nonprofit’s mission must clearly address one of the Foundation’s focus areas. If needed, please call the IMA Foundation for clarification. The focus areas are defined as:
Enhancing Economic Vitality
The IMA Foundation aims to help the communities where our associates live and work by improving opportunities for all. Our goal is to enhance economic vitality by supporting organizations that promote direct economic impact and/or business growth and job creation.
The IMA Foundation is committed to the advancement of our young people by educating the workforce of the future. We fund nonprofit organizations that support early childhood, K-12 and higher education, especially when the programs align with the insurance and financial services industries. Additionally, IMA supports programs that enhance formal education, such as after school programs, scholarships, leadership development and efforts that improve graduation rates in our public schools.
Arts and Culture
IMA believes our cultural institutions enhance the quality of life in our communities. Therefore, we support cultural institutions, the performing arts and educational programming provided by these institutions.
Health and Wellness
Healthcare reform is an ever changing landscape and insurance brokers such as IMA are in the heart of the conversation. The IMA Foundation funds organizations that are a part of the healthcare solution and are looking for ways to reverse the cost of healthcare. IMA also supports organizations with a focus on wellness and healthy lifestyles. We believe that being proactive and encouraging healthy choices will impact healthcare cost and lessen the burden of government.
- Geography: The IMA Foundation only gives to nonprofit organizations located in and serving the communities where IMA has offices. Those are:
- Denver (not including Boulder County)
- Kansas City
Step 2: Please provide the following information in the Letter of Inquiry. The LOI should not exceed four pages in 11 point font.
- Legal name of the organization requesting funding
- Submission date of LOI
- The Focus Area under which your organization qualifies for funding
- Name, address, phone number and email address for the person who can answer questions about the proposal
- State whether the request is for programmatic, general operating or capital. Any capital requests should be preceded by a phone call.
- Amount requested (average grant sizes are $5k - $10k)
- Purpose and history of organization;
- Goals and objectives of program or project;
- Current status of project, including date the project was established and the anticipated duration;
- Description how the organization will use the funds to further its objectives;
- Organization’s annual budget;
- Copy of the organization’s IRS exemption letter.