Bank of Jackson Hole Partners with FHLB Des Moines to Award Over $500,000 to Community Non-Profits

Bank of Jackson Hole (BOJH) in partnership with the Federal Home Loan Bank (FHLB) of Des Moines, is pleased to announce that BOJH has received a significant grant from the FHLB Des Moines Member Impact Fund. This matching grant program, which was introduced in 2023, provided $15 million to eligible organizations in order to strengthen the communities through member banking partnerships within the FHLB Des Moines areas. BOJH submitted applications this spring supporting numerous community non-profits across the four Wyoming counties BOJH serves: Teton, Fremont, Sublette and Lincoln counties. All of BOJH’s grant applications were awarded, bringing just over $500,000 back into our communities.

“BOJH has a long history of giving back to the communities we serve, and with these matching grant funds from FHLB Des Moines, we are truly making a focused impact in 2023 on food and affordable housing programs, and supporting children and underserved populations across our BOJH footprint in Wyoming. All of us at BOJH are immensely proud of our institution’s commitment to philanthropy and relationship banking,” stated BOJH President Dawn Pruett.

Through strategic partnerships with the Jackson Hole Community Foundation and the Wyoming Food Bank, along with many other non-profits directly, BOJH is supporting 33 organizations with this grant funding. The full list can be found at the end of this release. Each year BOJH donates to a meaningful number of community organizations, and our BOJH associates commit hundreds of hours of volunteer time to various non-profits, boards and events.

“FHLB Des Moines is very pleased to partner with Bank of Jackson Hole through the Member Impact Fund. The fund enables our members to connect directly with local organizations who matter to them, creating value and lasting impact in their own communities,” said Kris Williams, president and CEO of FHLB Des Moines. “The commitment of members like BOJH are adding tremendous value to their communities, and we are pleased to see these dollars being put to work in such an impactful way.”

The Member Impact Fund matching program was available to organizations located in Hawaii, Idaho, Utah, Wyoming, Guam, American Samoa and the Northern Mariana Islands. Member institutions in these locations submitted applications in March and April 2023; funds were distributed directly to the member institution, which then provide the funding alongside a matching grant from FHLB Des Moines for the partner/recipient organization.

Recipient organizations were selected based on the needs for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs, including training, predevelopment assistance, management information systems or software, strategic planning, market study or community needs assessment, and working capital.