Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and eight of its members awarded $283,000 in grants to eight nonprofit organizations in Dallas and Fort Worth. The awards were part of more than $1.2 million awarded to community groups through the Partnership Grant Program (PGP) and were celebrated during an event on November 21 at the bank’s Dallas headquarters. All eight organizations receiving grants were in attendance.
“The PGP gives us the opportunity to partner with our financial institution members to connect with community organizations that may not have the staff or the budget to access major grant funding,” says Sanjay Bhasin, FHLB Dallas president and CEO. “Some of our grant recipients are small in terms of budgets and staff, but their work has been impactful and inspirational. It’s our hope that these grants will help support them in the good work they already do.”
U.S. Representative Marc Veasy (Texas 33), whose district includes parts of both Dallas and Tarrant counties, commended the work of the awardees. “These organizations are making a real difference in our communities by addressing critical needs in affordable housing, education and community development,” he said at the gathering on November 21. “Local nonprofits are at the heart of our neighborhoods. They know the issues, they understand the people and they deliver results. As we move into 2025, I’m committed to continuing to support these vital organizations that are working every day to improve access to housing, economic opportunities, health care and education for all.”
Under the Partnership Grant Program, FHLB Dallas member institutions contribute $500 to $5,000 to a nonprofit, which FHLB Dallas matches at a 5:1 ratio to provide up to $25,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members.
The following organizations and the FHLB members that helped fund the grants were celebrated during the event:
- Veritex Community Bank contributed $9,000 to the Black History 365 Education Foundation, Dallas;
- Independent Financial contributed $30,000 to the SP 1600 Penn Foundation (St. Phillip’s School & Community Center), Dallas;
- Centennial Bank contributed $30,000 to Stars United Global Outreach, Grand Prairie;
- Oakwood Bank contributed $30,000 to Youth With Faces, Dallas;
- American First National Bank and Oakwood Bank contributed $60,000 to the Zan Wesley Holmes Jr. Community Outreach Center, Dallas;
- Charles Schwab Bank contributed $30,000 to the Ferguson Road Initiative, Dallas;
- Charles Schwab Bank contributed $30,000 to the Renaissance Heights Foundation, Fort Worth; and
- Charles Schwab Bank, Inwood National Bank and Woodforest National Bank contributed $64,000 to South Dallas Fair Park Innercity Community Development Corp., Dallas.
