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 $35,000 in grants to four Sioux Falls non-profit 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, “We are proud to have partnered with the FHLB Des Moines to provide grants to these four deserving organizations. Investing in our communities is very important to us, we are excited to see how these funds will impact our community members!”
Grant recipients:
Habitat for Humanity builds and revitalizes homes to secure affordable housing for those in our community that need a helping hand. Rocky Welker, Exec. Director, shared “Affordable housing continues to be one of the biggest issues that South Dakota families are facing. These funds will help make once in a lifetime homeownership opportunities possible for families right here in Sioux Falls, and we are thankful to have an amazing partner like Cornerstone Bank to walk alongside us.” This organization will receive $8,750 thanks to the Member Impact fund and Cornerstone Bank’s match.
The Banquet serves as a welcoming place where people can gather, receive nourishment, and experience love in action. Today, they serve 16 meals each week at two Sioux Falls locations. This organization will receive $8,750 thanks to the Member Impact fund and Cornerstone Bank’s match.
Feeding South Dakota serves as the state’s largest hunger-relief organization, with a mission to end hunger in South Dakota. This organization will receive $8,750 thanks to the Member Impact fund and Cornerstone Bank’s match.
Union Gospel Mission serves as an emergency shelter who’s focus is restoring stability and confidence. Director Eric Weber, shared that the funds will be utilized to provide food to those in need. In 2025 UGM served 176,592 meals to the community. They are open 7 days a week and serve 3 meals a day. This organization will receive $8,750 thanks to the Member Impact fund and Cornerstone Bank’s match.
