Minnwest Bank, in partnership with Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that 21 nonprofit organizations in South Dakota will receive a total of $183,750 in grants through the Member Impact Fund. This matching grant program will result in FHLB Des Moines awarding over $12.9 million in funding to support affordable housing and community development in Alaska, South Dakota, Guam and the Commonwealth of the Northern Mariana Islands.
“Minnwest Bank fosters a culture of volunteerism and altruism across its 34-branch footprint, all part of our purpose of building strong, vibrant communities,” said Ivan Van Essen, President of Minnwest Bank. “We are proud to donate to so many positive organizations to make an impact across the communities we serve.”
Each recipient organization was nominated by local Minnwest Bank staff, with Minnwest Bank submitting a donation and FHLB Des Moines amplifying the amount. Organizations and total donation/grant awards include:
- The Abbey of the Hills Inn & Retreat Center (Marvin) - $8,750
- Summit Area Economic Growth, Inc. (Summit) - $8,750
- Challenger Learning Center of South Dakota (Watertown) - $8,750
- Wilmot Community Foundation (Wilmot) - $8,750
- The Gathering Well (Sioux Falls) - $8,750
- Buddies & Co. (Brandon) - $8,750
- Sioux Empire United Way Inc. (Sioux Falls) - $8,750
- Abbott House, Inc. (Mitchell) - $8,750
- Senior Citizens Services Inc. (Sioux Falls) - $8,750
- Affordable Housing Solutions Inc. (Sioux Falls) - $8,750
- Dakotabilities Inc. (Sioux Falls) - $8,750
- South Dakota Parent Connection (Sioux Falls) - $8,750
- Hungry Hearts (Sioux Falls) - $8,750
- Interlakes Community Action Partnership Inc. (Madison) - $8,750
- Habitat for Humanity of Greater Sioux Falls, Inc. (Sioux Falls) - $8,750
- Lunch is Served (Sioux Falls) - $8,750
- Southeastern Behavioral Healthcare (Sioux Falls) - $8,750
- St. Francis House of Sioux Falls (Sioux Falls) - $8,750
- Wings of Valor Inc. (Parker) - $8,750
- Bishop Dudley House (Sioux Falls) - $8,750
- Special Olympics of South Dakota Inc. (Sioux Falls) - $8,750
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.
This member matching grant program is part of FHLB Des Moines’ ongoing mission to offer a variety of funding options through its members.
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.
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. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.
About Minnwest Bank
Minnwest Bank is a family-owned financial services company providing agriculture, commercial and personal banking services throughout Minnesota and South Dakota. It is one of Minnesota’s largest banks, with over $3 billion in assets and 34 branch locations.
