FUNDING DISBURSEMENT

Award Announcement

Awards will be announced approximately two weeks after the application deadline. Member contacts associated with each application will receive award notices via email.

Specific application round dates and details can be found on each eligible state's funding webpage. 

Member Responsibilities and Post-Award Checklist

Below outlines program timelines and the responsibilities of each member who receives a Member Impact Fund award.

	MEMBERS WILL RECEIVE AWARD FUNDING FHLB Des Moines will deposit funding within 2 weeks after awards are announced.  Verify you received award(s) in your Demand Deposit Account (DDA).
	MEMBERS WILL DISBURSE AWARD FUNDING Members must disburse the Member Impact Fund award and member's match to grantee.  Award funding to grantee within 30 days of receiving the award in your DDA.
	PUBLIC PROMOTION REQUIREMENTS Let’s celebrate! A media kit is available to support your efforts.  Acknowledge the FHLB Des Moines contribution in any public promotions or announcements.
	MEMBER ENSURES GRANTEE COMPLETION OF AWARD VERIFICATION FHLB Des Moines will directly notify each grantee of award verification requirement.  Members must ensure that the grantee completes this requirement within 60 days of having funds deposited to the member’s DDA.

For additional support, please contact your relationship manager or MemberImpactFund@fhlbdm.com.