The ToolBank model is distinct from the typical tool lending library model, in that individuals do not have access to ToolBank equipment: the ToolBank tool inventory is for the sole purpose of increasing the impact of the nonprofit sector and other community-minded organizations. Typical users of ToolBank resources include faith-based organizations, public schools, neighborhood organizations, public/private partnerships with community-oriented missions, social clubs with a service mission, and others. Proof of charitable intent must be provided before accessing ToolBank tools.

In 2006, the Atlanta Community ToolBank equipped more than 54,000 volunteers and provided tools for more than 725 service projects.

The first known use of the term 'toolbank' was by the Atlanta Community ToolBank, after launching the Tool Lending Library program in 1994. TooLBank inventory now consists of nearly $500,000 in tools and equipment, and roughly 160 unique types of tools. A full listing of available tools can be found here