Cornerstone Bank partners with Federal Home Loan Bank of Des Moines to award $100,000 to organizations through the Member Impact Fund.

We value our role as neighbors and contributors. That is one of Cornerstone Bank’s company values, which was on full display recently as they partnered with Federal Home Loan Bank of Des Moines (FHLB Des Moines) to award $100,000 in grants to five local organizations. The FHLB Des Moines Member Impact Fund was introduced in 2023 and offers a matching grant program supporting affordable housing and community development. As an FHLB Des Moines member, Cornerstone Bank is proud to participate and in turn help local organizations.

Kris Williams, President and CEO of FHLB Des Moines, shares, “We are thrilled to see grants from our Member Impact Fund having a direct, positive impact on the communities in which our members help advance affordable housing and community development needs in a meaningful way.”

Cornerstone Bank Chairman Gary Petersen stated, “These five organizations are beyond deserving of these grants. We are excited to see how these funds will impact our community members. Investing in our communities is very important to us, and we are proud of the partnership that helped make this possible.”

Grant recipients:

Able Inc. is a non-profit in Dickinson, North Dakota that supports people with disabilities in their home, work, and communities. This organization will receive $20,000 thanks to the Member Impact fund and Cornerstone Bank’s match. They plan to use the funds to help offset the costs of their new remodel project at T-Rex Mall.

Beyond Shelter, Inc. is a Fargo, North Dakota based developer of affordable housing that has worked in and around the area since 1999. This organization will receive $40,000 thanks to the Member Impact fund and Cornerstone Bank’s match.

Tri-City United Soccer Club is a non-profit located in Fargo, North Dakota and is the state’s largest sports community, supporting all clubs, high schools, colleges and recreational players. This organization will receive $10,000 thanks to the Member Impact fund and Cornerstone Bank’s match.

Women Empowering Women is a non-profit located in Dickinson, North Dakota that is committed to encouraging the betterment of women and building stronger communities. Thanks to the Member Impact fund and Cornerstone Bank’s match they received $10,000. The organizations President, Ray Ann Kilen, stated, “We plan to use the funds to further our work with Health Equity for women. In a nutshell this means we help women with language or cultural barriers navigate and access healthcare for themselves and their families. This grant is huge for our organization. We understand the importance of this project for new residents in our community, especially those who have relocated from other countries.  We also know we have a lot of people who have relocated from other countries to fill jobs in our area.  This donation really sets us on the path for sustainability of services and brings required match dollars for us to access state and federal funds for the project.

YWCA Cass Clay is non-profit located in Fargo, North Dakota they offer a place for women and children to turn to as they escape violence, homelessness, and crisis. This organization will receive $20,000 thanks to the Member Impact fund and Cornerstone Bank’s match. CEO Erin Prochnow stated, “This funding translates help for survivors to navigate toward health, past barriers, to attain dreams for lives without fear, violence, or trauma”.