BankWest Madison and FHLB Award $35,000 to Area Orgs
BankWest and FHLB Des Moines are pleased to announce that the Madison Central School Educational Foundation and Inter-Lakes Community Action Partners received $35,000 in grant funding.
BankWest Madison and FHLB Award $35,000 to Area Orgs
BankWest and FHLB Des Moines are pleased to announce that the Madison Central School Educational Foundation and Inter-Lakes Community Action Partners received $35,000 in grant funding.
BankWest, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that the Madison Central School Educational Foundation and Inter-Lakes Community Action Partners will receive a total of $35,000 in grant funding from the Member Impact Fund. This matching grant program will result in BankWest and FHLB Des Moines awarding $700,000 in funding to support affordable housing and community development in South Dakota communities.
“This funding reflects what’s possible when local partnerships come together with a shared goal of making our communities stronger. We’re grateful to work alongside FHLB Des Moines and proud to support organizations that are creating lasting, positive impact for Madison and the surrounding area,” said Tom Kahler, BankWest’s Branch Manager in Madison.
BankWest applied for and received matching grant funds for the following projects:
“We are grateful for BankWest’s role in making this possible. This investment will have a meaningful and lasting impact on the communities we serve,” said Mike Anderson, Chief Operating & Advancement Officer at Inter-Lakes Community Action Partnership.
FHLB Des Moines provides funding solutions to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. The Member Impact Fund provides FHLB Des Moines members matching grant donations to strengthen the ability of not-for-profits or government entities to support the needs of their communities.
“The Member Impact Fund is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and CEO of FHLB Des Moines. “By partnering with our members, we’re able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve.”
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 job training, affordable housing, financial literacy, food banks and youth programs.
Since its launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding—reflecting the organization’s strong commitment to partnership and impact.
“This funding reflects what’s possible when local partnerships come together with a shared goal of making our communities stronger. We’re grateful to work alongside FHLB Des Moines and proud to support organizations that are creating lasting, positive impact for Madison and the surrounding area,” said Tom Kahler, BankWest’s Branch Manager in Madison.
BankWest applied for and received matching grant funds for the following projects:
- Madison Central School Educational Foundation ($17,500) – Updates to the school gymnasiums and auditorium light and sound systems.
- Inter-Lakes Community Action Partners ($17,500) – Development of the Summit on Van Eps commercial kitchen project. This kitchen will serve as a central hub for preparing and distributing meals to seniors, families, and individuals in need, while also expanding ICAP’s ability to support nutrition programs across the region.
“We are grateful for BankWest’s role in making this possible. This investment will have a meaningful and lasting impact on the communities we serve,” said Mike Anderson, Chief Operating & Advancement Officer at Inter-Lakes Community Action Partnership.
FHLB Des Moines provides funding solutions to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. The Member Impact Fund provides FHLB Des Moines members matching grant donations to strengthen the ability of not-for-profits or government entities to support the needs of their communities.
“The Member Impact Fund is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and CEO of FHLB Des Moines. “By partnering with our members, we’re able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve.”
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 job training, affordable housing, financial literacy, food banks and youth programs.
Since its launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding—reflecting the organization’s strong commitment to partnership and impact.