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.
“The investment from Bank of Jackson Hole in partnership with the FHLB Des Moines is deeply impactful for the people of Wyoming facing food insecurity. Food Bank of Wyoming’s mission to nourish Wyoming neighbors is possible because communities are rising to meet the need of our neighbors facing challenges, and this grant will make a difference in Teton, Lincoln, Sublette and Freemont counties,” stated Rachel Bailey, Food Bank of Wyoming Executive Director.
“This collaboration between FHLB Des Moines and Bank of Jackson Hole is creatively leveraging local funds for greater community impact. Bank of Jackson Hole’s commitment to affordable housing and community development initiatives through the Member Impact Fund matching program, will help catalyze the Community Foundation’s Housing Initiative which will continue to support the work of our community partners and convene with diverse stakeholders to advance affordable housing needs across diverse segments of our community,” stated Wendy Martinez, Director of Housing Solutions for the Community Foundation of Jackson Hole.
FHLB Des Moines provides funding solutions and liquidity to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. The Member Impact Fund awarded more than $2 for every $1 of an eligible FHLB Des Moines member’s grant donation to strengthen the ability of not-for-profits or government entities to serve the affordable housing or community development needs of their communities.
“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.
Bank of Jackson Hole 2023 FHLB Grant Award Recipients:
- Alpine Food Bank
- Boys and Girls Club of Central Wyoming
- Champions for Children
- Children’s Learning Center
- Climb Wyoming
- Community Entry Services
- Community Food Closet (Sublette County)
- Community Foundation of Jackson Hole
- Community Safety Network
- Coombs Outdoors: Camina Conmigo
- Food Bank of Wyoming
- Fund for Public Education
- Girls Actively Participating!
- Good Samaritan Mission
- Habitat for Humanity of the Greater Teton
- Hole Food Rescue
- Immigrant Hope
- Jackson Hole Community Housing Trust
- Jackson Hole Children’s Museum
- National Bighorn Sheep Center
- One22 Resource Center
- Rendezvous Pointe
- Senior Center of Jackson Hole
- Slow Food in the Tetons
- Southwest Sublette County Pioneers
- St. Thomas Episcopal Church (Freemont County)
- Thayne Community Food Bank
- Thayne Senior Center
- Teton Literacy Center
- Teton Youth & Family Services
- Vertical Harvest