Nola Reporter

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.

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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.  

Original source can be found here.