TruStone Financial Foundation partners with the Federal Home Loan Bank of Des Moines to award $270,000 to 17 Local Organizations through the Member Impact Fund.
PLYMOUTH, Minn. (June 23, 2025) – The TruStone Financial Foundation, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), is pleased to announce that a total of $270,000 in grants were awarded to 17 local organizations in Minnesota through the Member Impact Fund. The grant recipients include:
- Allina Health Foundation c/o Courage Kenny Sports and Recreation
- Bolder Options
- Community Emergency Assistance Programs, Inc
- C.R.O.S.S (Christians Reaching Out in Social Services)
- Highland Friendship Club
- Intercongregation Communities Association, Inc
- Junior Achievement North
- Keystone Community Services
- People Reaching Out to Other People, Inc
- People Responding in Social Ministry
- Scott-Carver-Dakota Cap Agency Inc
- Spare Key
- Suicide Awareness-Voices of Education (SAVE)
- Second Harvest Heartland
- Tee It Up for the Troops, Inc
- The Sanneh Foundation
- 360 Communities
The TruStone Financial Foundation supports local non-profits through donations, financial literacy programs and volunteerism. Alongside the Foundation’s current giving efforts, the Member Impact Fund elevates the support for affordable housing and community development in Minnesota. TruStone Financial Foundation Board Chair Sam Stern notes, “We believe strong communities are built through meaningful partnerships. By working alongside the FHLB Des Moines through the Member Impact Fund, we’ve been able to amplify our support for organizations doing essential work—from youth mentorship and food security to affordable housing and mental health services. We’re proud to help expand the impact across our neighborhoods to make a difference.”
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 up to $3 for every $1 in 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 continues to be a powerful resource in supporting our members as they expand access to affordable housing and drive community development,” says Kris Williams, president and CEO of FHLB Des Moines. “It’s inspiring to see the partnerships centered around improving local communities in such a variety of ways.”
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 founding in 2023, the Member Impact Fund has supported affordable housing and community development with nearly $70 million in grants awarded by FHLB Des Moines. Member institutions apply and receive Member Impact Fund matching grants to be distributed to eligible organizations alongside their own grant contribution.
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 TruStone Financial Foundation
TruStone Financial Credit Union founded the TruStone Financial Foundation (501c3) in 2009 to reinforce its commitment to financial education. Today, the Foundation supports communities with education scholarships, donations to local nonprofits, support for financial literacy programs and more.