$1,000,000 philanthropic investment will create the “IMTT Community Impact Initiative,” to help develop emerging community organizations; support will also help sustain Coalition operations
NEW ORLEANS — Today, International-Matex Tank Terminals (IMTT), an 80-year-old New Orleans company, announced a one-million-dollar commitment to The NOLA Coalition. The NOLA Coalition has two focus areas: Community Support for NOPD; and, raising $15 million over three years for Investment in Youth Services; IMTT’s donation – the largest to date for The NOLA Coalition – will support the second component, which is intended to drive positive generational change for young people in New Orleans.
“IMTT and its new ownership group are excited to launch this initiative that will primarily focus on lending our financial support and our employees’ talents and passion to help scale community groups so their missions can realize optimal impact,” says Carlin Conner, chairman and CEO of IMTT. “Our hope is for the IMTT Community Impact Initiative to provide a blueprint for other New Orleans-based companies to leverage their talents and financial positions to support the desperately needed community organizations in our great city. As a new member of the New Orleans community, I am personally invested in these efforts, and I am optimistic about what is possible when we rise up and pull together.”
$850,000 of the funds will be invested via the “IMTT Community Impact Initiative,” a new IMTT concept that will help small, but proven, community nonprofits grow and scale their community impact via funding, mentorship, employee volunteerism, networking, and technical assistance (e.g., financial and legal services). This contribution will be invested through the remainder of 2022, in 2023, and 2024, and will ultimately support a handful of community nonprofits who will form the inaugural IMTT Community Impact Initiative. IMTT and the NOLA Coalition will begin to interview and assess potential candidate organizations for funding as soon as possible. IMTT expects to review funding and commitment decisions periodically.
“Community nonprofits, and especially those that serve our youth, are the key to long-term success for New Orleans,” says the Hon. Calvin Johnson, retired jurist, longtime civic leader, and current interim executive director for NAMI (National Alliance on Mental Illness) New Orleans. “This unprecedented investment from IMTT is not only a recognition of the importance of our community groups, but moreover helps ensure that these groups receive funding and technical support so as to grow and serve more of our young people. I applaud IMTT, and hope they inspire others to follow.”
Further, $50,000 per year for three years will be provided to Greater New Orleans, Inc. to support the ongoing management of The NOLA Coalition. The NOLA Coalition was started in June 2022, and now includes nearly 400 members, including over 160 nonprofits and more than 230 local businesses. The mission of The NOLA Coalition is to harness collective resources to create a safer and more prosperous New Orleans for all residents. The Coalition supports near-term actions to reduce violence, paired with social services to drive generational change. IMTT has a long relationship with GNO, Inc. and the company’s CFO Matt Rosenboom serves on the board of directors.
“IMTT’s investment in The NOLA Coalition is an extraordinary example of corporate leadership and strategic philanthropy,” said Michael Hecht of GNO, Inc. “For decades, IMTT’s previous owners and leaders have been part of the bedrock of the corporate and philanthropic community of Greater New Orleans, and it is very encouraging that the new ownership and IMTT team is stepping up its efforts to impact New Orleans in a positive way. This unprecedented investment is an emphatic statement of IMTT’s commitment to New Orleans for years to come.”
IMTT is one of the largest providers of bulk liquid storage and handling services in the United States. In addition, with its “Greener and Cleaner” strategy, IMTT is fast becoming the largest energy transition-focused terminals company by expanding its renewable fuels storage while also developing other energy transition projects. At the same time, IMTT continues to support its legacy petroleum business and growing edible oils business.
“Our employees are the heart of IMTT,” says Kim Nave, who oversees charitable giving and community involvement at IMTT. “We are excited to get the IMTT Community Impact Initiative off the ground and look forward to learning how we can engage and connect our employees for the benefit of these organizations and the New Orleans community.”
To-date, over $2 million of the first-year goal of $5 million for youth services has been secured. Local and national sources are in discussion for further investment to help scale these critical services in New Orleans. Additional contributions to youth services providers are welcome, and updates can be shared with The NOLA Coalition to ensure they are recorded as part of the $15 million, 3-year, goal. You can learn more about The NOLA Coalition at nolacoalition.info.
About International-Matex Tank Terminals
Headquartered in New Orleans, Louisiana, International-Matex Tank Terminals (IMTT) is an industry leader in the handling and storage of bulk liquid products through its ownership and operation of 19 terminals throughout North America. IMTT’s terminals handle petroleum, renewable fuels, commodity/specialty chemicals, and vegetable/tropical oil products for customers including refiners, commodities traders, and chemical manufacturers and distributers. More information can be found at imtt.com.
About The NOLA Coalition
The NOLA Coalition is a collection of local nonprofits, civic organizations and businesses with an acute interest in helping to address crime and quality of life, for reasons of both life and livelihood. The organizations in The NOLA Coalition are small and large, with diverse membership, from across the city and region. An updated list of recommendations and coalition members can be found at nolacoalition.info.