TMCnet News
Banks Partner to Award $12,000 to Habitat for Humanity of Greater JonesboroIBERIABANK, Evolve Bank and Trust and the Federal Home Loan Bank of Dallas (FHLB Dallas) partnered to award $12,000 in Partnership Grant Program (PGP (News - Alert)) funds to Habitat for Humanity of Greater Jonesboro (Jonesboro Habitat). The grant will be awarded to Jonesboro Habitat during a check presentation at 9:00 a.m., Tuesday, September 12, 2017, at 520 West Monroe Avenue in Jonesboro, Arkansas. The media is invited to the check presentation. The nonprofit will use the funds for capacity-building and will go toward two employees' salaries. PGP awards provide grants to community-based organizations (CBOs) of up to $12,000. The funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. Through the PGP, FHLB Dallas matches a member's contribution to a CBO of $500 up to $4,000 at a 3:1 ratio for a maximum $12,000 contribution from FHLB Dallas. The grants are offered via a lottery system once a year through FHLB Dallas members. In 2017, FHLB Dallas awarded $300,000 in PGP funds through 31 member institutions to assist 30 CBOs. Combined with the $104,550 contributed by FHLB Dallas members, a total of $404,550 was awarded to the organizations. For more information, visit fhlb.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170911006279/en/ |