BankWest Rapid City and FHLB Award $35,000 to the Black Hills Works Foundation
BankWest and FHLB award Black Hills Works Foundation $35,000 in grant funding.
BankWest Rapid City and FHLB Award $35,000 to the Black Hills Works Foundation
BankWest and FHLB award Black Hills Works Foundation $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 Black Hills Works Foundation has received $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 the power of partnership and shared purpose,” said Bryan Lutz, BankWest Regional President. “By working alongside FHLB Des Moines and the Black Hills Works Foundation, we’re able to help expand person-centered services that empower individuals and create positive, long-term change in our communities.”
BankWest applied for and received matching grant funds for the Black Hills Works Foundation to use toward their new state-of-the-art duplex for eight in Rapid City, reflecting a commitment to person-centered services that empower individuals and drive lasting change.
“This funding will allow us to enhance support for individuals with complex needs while continuing to put people at the center of everything we do,” said [Name, Title]. “These efforts reflect our commitment to person-centered services that empower individuals, strengthen independence, and create lasting, meaningful change in the lives of those we serve.”
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 the power of partnership and shared purpose,” said Bryan Lutz, BankWest Regional President. “By working alongside FHLB Des Moines and the Black Hills Works Foundation, we’re able to help expand person-centered services that empower individuals and create positive, long-term change in our communities.”
BankWest applied for and received matching grant funds for the Black Hills Works Foundation to use toward their new state-of-the-art duplex for eight in Rapid City, reflecting a commitment to person-centered services that empower individuals and drive lasting change.
“This funding will allow us to enhance support for individuals with complex needs while continuing to put people at the center of everything we do,” said [Name, Title]. “These efforts reflect our commitment to person-centered services that empower individuals, strengthen independence, and create lasting, meaningful change in the lives of those we serve.”
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.