Bank of Jackson Hole awards over $500K to 33 community nonprofits

JACKSON, Wyo. — Bank of Jackson Hole (BOJH) in partnership with the Federal Home Loan Bank (FHLB) of Des Moines, announced Wednesday that it was awarded a $500,000 grant from the FHLB Des Moines Member Impact Fund.

This matching grant program, which was introduced in 2023, provided $15 million to eligible organizations in order to strengthen the communities through member banking partnerships within the FHLB Des Moines, Iowa areas. BOJH submitted applications this spring supporting numerous community nonprofits across the four Wyoming counties BOJH serves: Teton, Fremont, Sublette and Lincoln counties. All of BOJH’s grant applications were awarded, bringing just over $500,000 back into our communities.

“BOJH has a long history of giving back to the communities we serve, and with these matching grant funds from FHLB Des Moines, we are truly making a focused impact in 2023 on food and affordable housing programs, and supporting children and underserved populations across our BOJH footprint in Wyoming,” said BOJH President Dawn Pruett.

Through strategic partnerships with the Jackson Hole Community Foundation and the Wyoming Food Bank, along with many other nonprofits directly, BOJH is supporting 33 organizations with this grant funding. The full list can be found at the end of this story.

“The investment from Bank of Jackson Hole in partnership with the FHLB Des Moines is deeply impactful for the people of Wyoming facing food insecurity. Food Bank of Wyoming’s mission to nourish Wyoming neighbors is possible because communities are rising to meet the need of our neighbors facing challenges, and this grant will make a difference in Teton, Lincoln, Sublette and Freemont counties,” stated Rachel Bailey, Food Bank of Wyoming Executive Director.

Wendy Martinez, director of housing solutions for the Community Foundation of Jackson Hole, added, “This collaboration between FHLB Des Moines and Bank of Jackson Hole is creatively leveraging local funds for greater community impact.”

The Member Impact Fund matching program was available to organizations located in Hawaii, Idaho, Utah, Wyoming, Guam, American Samoa and the Northern Mariana Islands. Member institutions in these locations submitted applications in March and April 2023. Funds were distributed directly to the member institution, which then provide the funding alongside a matching grant from FHLB Des Moines for the partner/recipient organization.

Recipient organizations were selected based on the need for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs, including training, predevelopment assistance, management information systems or software, strategic planning, market study or community needs assessment and working capital.

Bank of Jackson Hole 2023 FHLB Grant Award Recipients: