First Interstate, FHLB Award Over $980K to Washington Nonprofits
Over the coming weeks, 33 Washington nonprofits will receive surprise donations totaling over $980,000 from First Interstate Bank, the First Interstate BancSystem Foundation, and the Federal Home Loan Bank (FHLB) of Des Moines’ Member Impact Fund.
Recipients were selected based on their need for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs, including training, predevelopment assistance, management information systems or software, strategic planning, market study or community needs assessment, and working capital. The recipients are listed below.
Organization | City/Region | State |
Anna Schindler Foundation | Spokane | Washington |
ARC of Spokane | Spokane | Washington |
BankWork$/YWCA | Seattle | Washington |
Big Table | Spokane | Washington |
Boys and Girls Club of King County | Seattle | Washington |
Boys and Girls Club of Snohomish County | Snohomish | Washington |
Cancer Community Fund | Spokane | Washington |
Community Frameworks | Spokane | Washington |
Domestic Abuse Women’s Network Seattle | Seattle | Washington |
Family Promise | Spokane | Washington |
Forterra | Seattle | Washington |
Harvest Against Hunger | Seattle | Washington |
Innovia Foundation | Spokane | Washington |
Junior Achievement | Auburn | Washington |
King Makers | Seattle | Washington |
Museum of Arts and Culture | Spokane | Washington |
Northeast Youth Center | Spokane | Washington |
Ocosta Cares | Westport | Washington |
People Organized to Operate Leisure | Raymond | Washington |
Pierce College Foundation | Puyallup | Washington |
Rayce Rudeen Foundation | Liberty Lake | Washington |
Second Harvest | Spokane | Washington |
Skyline Foundation | White Salmon | Washington |
Spokane Eastside Reunion Association | Spokane | Washington |
Spokane Hope | Spokane | Washington |
Spokane Neighborhood Action Partners | Spokane | Washington |
St. James Family Center | Cathlamet | Washington |
Steilacoom Kiwanis Foundation | Steilacoom | Washington |
Teen and Kid Closet | Spokane | Washington |
Treehouse | Seattle | Washington |
Washington Gorge Action Program | Cook | Washington |
Wellspring Family Services | Seattle | Washington |
YWCA Spokane | Spokane | Washington |
“This is what community banking is all about—helping the places we call home reach their greatest potential,” said Ryan Boschee, First Interstate Bank’s Pacific Northwest regional president. “These nonprofits’ impact can’t be understated. We are grateful to FHLB Des Moines for partnering with us on this initiative and thrilled to put our values into action to benefit our communities.”
FHLB Des Moines launched its Member Impact Fund in 2023 to support affordable housing and community development initiatives. The fund provides a three-to-one match of FHLB member banks’ contributions to organizations that support these efforts.
First Interstate makes annual donations and grants to local community organizations throughout its 14-state footprint, with contributions funded by setting aside 2% of pre-tax earnings. These funds aid valuable initiatives, from improving workforce development to boosting early childhood education to mitigating poverty. More information on First Interstate Bank’s philanthropic efforts can be found in our Community Scorecard.
About FHLB 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. It works 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 comprise 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.
