FAQs

I&M Foundation spearheads the shared value agenda for I&M Bank and is responsible for delivering a positive impact to society through social investment programmes in the four key thematic areas of environmental conservation, education and skills development, economic empowerment, and enabling giving.

I&M Foundation is incorporated in Kenya as a company limited by guarantee. It is mandated to work within Kenya.

  • Purpose: To assist the bank to solve the systemic problems of people and the planet while the bank generates profits.
  • Mission: To deliver positive impact to society through lasting solutions by engaging planet, people, and profit to create shared value for our stakeholders.
  • Vision: To see communities whose physical, social, and economic environments are positively impacted because of our partnership.

  • Environmental conservation, where we preserve, protect, and restore the environment and promote sustainable use of ecosystems.
  • Education and skills development, where we enhance education outcomes and value-addition life skills that ensures inclusive and equitable quality education.
  • Economic empowerment, where we promote sustainable economic growth and transform livelihoods.
  • Enabling giving, where we strengthen partnership for sustainable community development.

I&M Foundation was registered in Kenya in 2020

I&M Bank Kenya contributes 2% of its profit before tax to the Foundation.

The Board of Directors is the governing body of the Foundation making all legal and fiduciary decisions.

The Foundation’s approach is to work through partners to deliver its objectives, by seeking to leverage and complement resources, skills, experiences, knowledge, and track records of partner organisations in a catalytic and value-adding manner.

I&M Foundation’s target group is underserved communities in Kenya. We seek to respond to their felt needs in a practical and impactful way.

I&M Foundation is keen to partner with a wide diversity of organisations in Kenya within the constraints of available resources to improve livelihoods in our society. The Foundation’s implementation approach is to work through partners who:

  • Are registered.
  • Have a good governance structure.
  • Have a track record (not start-ups).
  • Have the capacity to deliver.
  • Are not commercial or profit-making.
  • Have projects aligned with our focus areas.
  • Have project cycles with measurable milestones and outcomes.
  • Will benefit the community.
  • Have scalable and sustainable projects.

I&M Foundation works through Implementing Partners to deliver its objectives. The process of onboarding Implementing Partners includes the following steps:

Requests: The Foundation receives requests directly or through various networks.
Concept note: Upon receiving a request, the Foundation may ask for a concept note aligned with a project cycle. This note briefly outlines how the organisation proposes that the Foundation can address identified gaps and needs.
Touchdown meeting: The Foundation meets with the organisation for them to present their project and discuss the gaps and needs.
Partnership Assistance Application form: After reviewing the requests to ensure alignment with the Foundation’s strategic focus areas, the organisation is asked to fill out the Partnership Assistance Application form. They are also required to provide copies of their audited accounts, which provide more information on the organisation and the project.
Pilot projects: The Foundation generally starts with pilot projects to provide an opportunity to understand the new partner.
Site visit: Depending on the project, the Foundation may need to make an initial visit to the site.
Further consultation: The Foundation discusses with the partner any areas of concern or needs for further clarification.
Presentation to Foundation’s Directors: The Foundation presents the partner’s request to its Directors for approval. Directors may approve, decline, or request more information.
Agreement: Upon approval, the Foundation signs an agreement that guides the implementation of the project.
Monitoring and Evaluation (M&E): In the monitoring phase, the Foundation asks the partner:
-Did you do what you said you would do?
-Did you stay within the budget you stated?
-Did you complete the project within the timelines you provided?
Evaluation: In the evaluation phase, the Foundation looks at:
– Outputs achieved
– Impact on beneficiaries
– Lessons learned

Not currently. We are developing a programme for this.

Not currently. We are developing a programme for this.