What required information will I need to complete an application?
- Contact information for the not-for-profit or government entity grantee
- Documentation verifying grantee’s not-for-profit or government entity status (e.g., IRS determination letter)
- Signature from an authorized individual at the member’s institution. An authorized signer is one that can authorize advances from FHLB Des Moines
- Brief description of the grantee and the member’s relationship with them and detailed/concise explanation about the services or activities that the Member Impact Fund award will support - see examples below
Application Example 1
Description and Use of Funds
| Provide a brief description of the grantee's organization and describe the relationship you have with them |
| "Food Bank Organization" feeds people who are experiencing hunger today and solves the issue of hunger for tomorrow. They collect and distribute food to their network of food programs that feed hungry people throughout Washington. Our institution has partnered with this organization in the past and we would like to re-establish our relationship with them to further support hunger in our local communities. |
Please check what grant funds will be used for and describe how the organization's affordable housing or community development work will be impacted. Be specific in your response. (Only select one option - examples given for both)
| √ Capacity Building |
| By receiving Member Impact Fund award, "Food Bank Organization" will be able to purchase new accounting software, which will allow "Food Bank Organization" to handle more transactions and provide greater transparency for its financial statements to its Board of Directors and the public. |
| √ Working Capital |
| By receiving Member Impact Fund award, "Food Bank Organization" will be able to fully stock with food and purchase additional vehicles to deliver food, resulting in increase in families served of approximately XX% or XX. |
Application Example 2
Description and Use of Funds
| Provide a brief description of the grantee's organization and describe the relationship you have with them |
| "Housing Organization" was established in YYYY to assist homeowners in Washington State. "Housing Organization" is a nonprofit organization that works both to eliminate poverty housing around the world and to make adequate housing a matter of conscience and action. Our institution has an executive member serving on the Board of this organization. |
Please check what grant funds will be used for and describe how the organization's affordable housing or community development work will be impacted. Be specific in your response. (Only select one option - examples given for both)
| √ Capacity Building |
| By receiving Member Impact Fund award, "Housing Organization" will be able to hire and train additional staff to lead new home construction and repairs, allowing "Housing Organization" to serve an additional XX homes. |
| √ Working Capital |
| By receiving Member Impact Fund award, "Housing Organization" will be able to fund predevelopment expenses, including feasibility studies and design/engineering fees, to support a housing project that will serve people with intellectual disabilities and allow them to have affordable long-term housing. |
Back