Glacier Bank donates to Montana organizations
by Cabinet Peaks Medical Center in Libby and InterBel Telephone Cooperative Inc. in Eureka receive funds
May 10, 2024
Glacier Bank, Federal Home Loan Bank of Des Moines celebrate $190,000 in grants awarded to Montana organizations through Member Impact Fund Grant program supports affordable housing and community development KALISPELL, Mont. (April 9, 2024) Glacier Bank and partner, Federal Home Loan Bank of Des Moines (FHLB Des Moines) have awarded $190,000 to 17 nonprofit organizations in western Montana through the FHLB Des Moines Member Impact Fund grant program. In addition to Glacier Banks participation in this program, the affiliated Montana Divisions of Glacier Bank requested support for 100 organizations combined. This request resulted in $2,048,600 being distributed to nonprofits across the state of Montana which will be used to forward the mission of affordable housing and community development.
"Glacier Bank is thrilled by the impact of our partnership with the Federal Home Loan Bank of Des Moines on our communities. Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience," said Mike Smith, Glacier Bank Market President. "Our commitment to giving back underscores our belief that true success is measured by the well-being of those we serve. Together, we're building a foundation of strength in our community, where every member can thrive."
Two nonprofit organizations in Lincoln County were recognized: Cabinet Peaks Medical Center Foundation in Libby and InterBel Telephone Cooperative Inc. in Eureka. Both organizations were awarded a $10,000 grant.
The local Member Impact Fund Grant recipients encompass a diverse array of organizations dedicated to enhancing the well-being of communities in Montana. From supporting essential services like food banks and medical centers to fostering educational opportunities and affordable housing initiatives, these recipients play a vital role in addressing various societal needs.
AWARE Inc.
Bigfork Food Bank Inc.
Bigfork Rotary Foundation Inc.
Boys & Girls Club of Glacier Country
Boys & Girls Club of the Flathead Reservation and Lake County
Cabinet Peaks Medical Center Foundation
Flathead Food Bank Inc.
Habitat for Humanity of Flathead Valley
Imaginelf Library Foundation
InterBel Telephone Cooperative Inc.
Kalispell Education Foundation
Lake County Community Development Corp. DBA Mission West Community Development Partners
National Affordable Housing Network
Northwest Montana Community Land Trust Inc.
Polson Loaves & Fish Pantry Inc.
Samaritan House Inc.
Whitefish Community Foundation Inc.
For more information about the Montana award recipients, visit www.glacierbank.com/unity. The Member Impact Fund grants, a collaborative effort between Glacier Bank, a valued member of FHLB Des Moines, and the FHLB Des Moines Member Impact Fund, exemplify a powerful partnership in community support. For every $1 donated by Glacier Bank, $3 was provided by the FHLB Des Moines Member Impact Fund. Glacier Bank nominated local nonprofit organizations. Award winners were then selected based on the need for grant money to support their vital work serving affordable housing or community development needs. The Member Impact Fund distributed the awards to Glacier Bank, which then distributed the funds, along with the matching grant, to the local recipient organizations.
FHLB Des Moines plays a vital role in bolstering communities by offering essential funding solutions and liquidity support to over 1,200 members. This assistance facilitates mortgage lending, fosters economic development, and promotes affordable housing initiatives across various regions. The Member Impact Fund matching program is available in areas where FHLB Des Moines members are located, including Hawaii, Montana, North Dakota, Oregon, Guam, American Samoa, and the Northern Mariana Islands. Inquiries about Glacier Bank and the grants awarded to local organizations by the Member Impact Fund grant program can be directed to Sloane Stinson at sloane@bigskypublicrelations.com. Additional information can also be found on the Glacier Bank website at https://www.glacierbank.com/unity.
ABOUT FEDERAL HOME LOAN BANK OF DES MOINES The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S. Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement. FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding.
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