Heritage Palmwoods announces $220,000 in grants to local groups on the Sunshine Coast

A $17,500 grant to help build a new tuckshop at the Palmwoods State School is among $220,000 in donations to 27 local groups announced this week by the Heritage Palmwoods Community Branch.

The Community Branch is a joint-venture between Heritage Bank and the local community, represented by Palmwoods Community Branch Ltd. It was established after 99 local investors raised $200,000 in capital to help set up the branch in 2006.

Under the Heritage community branch model, a share of profits must be given back as grants to community organisations, charities and special community events.

Heritage Palmwoods this week announced the following grants for 2012, totalling $220,000:

• $17,500 to the Palmwoods State School P&C to help build a new tuckshop
• $17,500 to the Suncoast Christian College at Woombye to build a covered walkway.
• $15,000 to the Palmwoods Rural Fire Brigade to upgrade vehicles.
• $13,000 to the Compass Institute at Palmwoods to improve disabled access to its facility.
• $11,388 to the Palmwoods Warriors Football Club to erect safety nets at its ground.
• $10,000 to Nambour & Hinterland AFL Club for an automated irrigation system for its fields.
• $10,000 to the Chevallum State School for electronic teaching equipment.
• $10,000 to the Palmwoods Bowls Club to purchase a new mower and other equipment.
• $10,000 to the Palmwoods Junior Rugby League Club to help complete the new clubhouse.
• $10,000 to the Palmwoods Cricket Club for a new roller.
• $9,588 to the Palmwoods Community Kindergarten & Preschool for a new storage shed.
• $9,450 to the Palmwoods Tennis Club for a solar power installation.
• $8,789 to the Cittamani Hospice Service at Palmwoods toward the purchase of a new vehicle.
• $7,500 to the Palmwoods/Woombye Lions Club for repairs to their building.
• $7,500 to the Woombye Soccer Club to upgrade lighting at their fields.
• $7,500 to the Eudlo State School P&C to buy additional musical instruments and materials.
• $6,825 to the Range United Churches Soccer Club toward construction of a new clubhouse.
• $6,800 to the Palmwoods Girl Guides for travel to a camp in Tasmania
• $5,190 to Maroochy Waterwatch for water monitoring equipment.
• $5,271 to the Palmwoods Arts & Crafts Group for a new sewing machine.
• $5,000 to Florabunda Bushcare at Woombye for new water tanks
• $3,530 to Suncoast Hinterland BMX for a new mower
• $3,500 to Green Journey for their website.
• $3,335 to the Palmwoods Chaplaincy Committee toward an annual weekend children’s camp
• $2,526 to the Woombye Netball Club for new uniforms and training equipment.
• $2,374 to Palmwoods Scouts for lighting and tents.
• $600 to the Palmwoods Netball Club for new balls.


Heritage Palmwoods Branch Manager Todd English said the community branch model provided a win-win for the local region.

“Heritage Palmwoods offers a full range of banking products at extremely competitive rates and with fantastic personalised service. That means the people of the region can get a great financial deal, whether it’s just for personal banking, or for home loans, credit cards, business banking, insurance, financial planning or more,” Mr English said.

“The community benefits as well, because the more that people bank with Heritage, the more gets returned to the community through the grants program.

“Our aim is to return $1 million back to the community over a 10-year period, and this year’s grants have us well on the way.”

The Heritage Palmwoods Community Branch is located at the Palmwoods Plaza shopping centre.

Application forms for grants are available there.

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.