FAQs

Frequently Asked Questions

Member Impact Fund FAQ

• Can members submit multiple Member Impact Fund applications for different Grantees?

  Yes. There is no limit to how many applications a member submits. However, there is a maximum member limit per round, see your funding round website for complete details.

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• Can a Grantee receive multiple Member Impact Fund awards from one or more members?

  Yes. There is no limit to how many awards a grantee may receive.

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• Is there a minimum amount of matching funds a member must contribute per application?

  Yes. Members must contribute at least $2,500 per application.

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• Is there a maximum amount the FHLB Des Moines will award to one member?

  Yes.  See your funding round website for details.

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• How does a member access the application?

  All member contacts that would like to submit a Member Impact Fund application(s) must have their eAdvantage Administrator grant them access to the Bank’s Voluntary Program module. If you do not know your organization’s eAdvantage Administrator, please contact MemberServices@fhlbdm.com or call 800.544.3452 ext. 2200.

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• Is a 3:1 match guaranteed for my application?

  No. The Member Impact Fund is a matching grant program that will offer up to a 3:1 match for applications. If the amount of application requests received exceeds the amount of available funding, the Bank will typically prorate its Member Impact Fund awards accordingly. In this situation, the member will still be required to donate their full member contribution.

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• What factors are considered by the Bank when determining application eligibility?

  The Bank will review each application to ensure:

  • The grantee is an eligible not-for-profit or government entity.
  • The use of funds supports affordable housing or community development and does not meet the criteria for an ineligible use. Learn More
  • The member is in good standing with the Bank such as its financial standing, Community Support review, etc.

  Based upon this review, the Bank, at its sole discretion, may approve or reject a Member Impact Fund application.

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• Does the Member Impact Fund award have a monitoring requirement?

  Yes, and it is simple:

  Grantees must complete and submit a Verification of Funds and Use form within two months of the Member Impact Fund award posting to a member’s DDA. It is the responsibility of the member to ensure the Grantee completes this form.

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• How can I partner with FHLB Des Moines to promote my Member Impact Fund award(s)?

  FHLB Des Moines wants to help amplify your promotion of Member Impact Fund awards! This includes, but is not limited to, social media, news releases, website announcements and check presentation events. Connect with our Communications Department at communicationsdepartment@fhlbdm.com to coordinate press releases, social media and pitching stories to media outlets. 

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