[October 31, 2017]

Keagan's Center to Be Awarded $10K Grant from St. Martin Bank & Trust Company and FHLB Dallas

Keagan's Center, a nonprofit organization providing children with a food program and life-skills training, will be awarded $10,000 in Partnership Grant Program (PGP (News - Alert)) funds from St. Martin Bank & Trust Company and the Federal Home Loan Bank of Dallas (FHLB Dallas). Keagan's Center will use the funding for operational and fundraising costs as it works toward having a fully staffed kitchen and full-time community center.

The media is invited to the check presentation: 1:00 p.m., Thursday, November 2, 2017, at Keagan's Center, 1003 First Street, Elton, Louisiana.

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/20171031006548/en/

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