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.

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 Now Open!

To be eligible in this application round, grantees must be located in Hawaii, Utah, American Samoa, Guam or the Northern Mariana Islands.

Applications 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.

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