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Supporting eligible organizations working to improve the opportunity of affordable housing or community development

2024 Member Impact Fund Award Winners

Did you receive a Member Impact Fund award in 2024? Access your marketing and press kit here.

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The Member Impact Fund is an up to $3 for every $1 matching grant program that provides additional funding to strengthen communities in targeted areas. The program encourages partnerships between eligible organizations and member financial institutions to support affordable housing or community development.

Only an FHLB Des Moines member financial institution may submit an application. Explore current opportunities for the Member Impact Fund below.

Hawaii, Utah and District Territories Funding Round is Now Closed 

Applications were accepted February 10 - March 14, 2025, closing at 4:30PM CST

FULL PROGRAM DETAILS

Minnesota Funding Round Opening Soon! 

Applications for the Minnesota Member Impact Funding Round will be accepted beginning April 7, 2025. 

Eligibility: Grantees must be located in Minnesota.

Applications accepted April 7 - May 9, 2025, closing at 4:30PM CST

FULL PROGRAM DETAILS

How It Works

Membership Partnership: FHLB Des Moines member institutions partner with not-for-profit organizations or government entities located in an eligible state or U.S. territory that have a mission of promoting affordable housing or community development. 

Apply: FHLB Des Moines member institutions submit applications for the Member Impact Funds online through the Bank's Voluntary Program system. 

Match: Members must contribute at least $2,500 of their own funds per application and the Bank will match up to $3 for every $1 contributed. Member Impact Funds cannot be used for a previous donation. 

If the amount of application requests received exceeds the amount of available funding, the Bank will typically prorate its Member Impact Fund awards accordingly. In this situation, the member will still be required to donate their full member contribution.

Questions? Contact our Community Investment Department at memberimpactfund@fhlbdm.com.

Why participate in the Member Impact Fund?

  • Amplify your impact with up to a $3 to $1 match
  • Simple application form with no ongoing monitoring requirements
  • Build community goodwill
  • Promote your corporate brand
  • Boost local organizations in your community by supporting their affordable housing or community development mission
North Dakota Receives $11.7 Million in Member Impact Fund grants

North Dakota Receives $11.7 Million in Member Impact Fund grants

"A $3 to $1 match? I've never seen anything like that," said Dan Madler, CEO of Beyond Shelter, Inc. and recipient of more than $2.3 million in grants from 14 participating FHLB Des Moines member institutions.

Get inspired by seeing how our members and community partners in North Dakota are utilizing more than $11 million in Member Impact Fund grants. 

A video featuring: Gate City Bank, Bell Bank Cornerstone Banks, Hometown Credit Union, Heartland State Bank, Beyond Shelter, Inc., YWCA Cass Clay

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News

FHLB Des Moines Awards Nearly $9 Million to Support Affordable Housing and Community Development in Washington Public Announcements FHLB Des Moines Awards Nearly $9 Million to Support Affordable Housing and Community Development in Washington FHLB Des Moines Awards Nearly $9 Million to Support Affordable Housing and Community Development in Washington Nearly $20 Million Awarded Through Member Impact Fund to Support Community Development Public Announcements Nearly $20 Million Awarded Through Member Impact Fund to Support Community Development Federal Home Loan Bank Des Moines joined efforts with 94 members to provide nearly $20 million to hundreds of non-profit or government agencies. 2024 Voluntary Contribution Member Announcements 2024 Voluntary Contribution The FHLB Des Moines Board of Directors has made a $25 million voluntary contribution to be utilized for its Member Impact Fund. Member Impact Fund awards $113,000 to Guam nonprofits supporting affordable housing, community development Public Announcements Member Impact Fund awards $113,000 to Guam nonprofits supporting affordable housing, community development More than $113,000 has been awarded to five organizations across Guam to support affordable housing and community development needs.

See all articles regarding news about FHLB Des Moines.