Think Bank Gives Huge Boost to 18 Rochester Organizations
Rochester, MN (KROC-AM News)- A major investment is on its way to Rochester’s nonprofit sector.
Think Bank, in partnership with the Federal Home Loan Bank of Des Moines (FHLB Des Moines), has announced that $1 million in grant funding is being awarded to 28 organizations across Minnesota, with a significant number of recipients based in Rochester.
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The grants, part of the Member Impact Fund, will support local priorities such as affordable housing, food security, youth mentorship, education, and mental health. Think Bank played a central role in directing these funds, ensuring the awards align with community needs.
“We believe that strong communities are built when we come together to support one another,” said Jenny Hosfeld, CEO at Think Bank. “We’re honored to play a part in helping each organization continue their incredible work. The matching funds from FHLB is a reminder of what’s possible when we partner to invest in our neighbors — and we hope it inspires others to join us in creating lasting, positive change.”
Rochester-based recipients include:
- Family Service Rochester
- Families First
- Girl Scouts of MN and WI River Valley
- Bolder Options
- SPARK
- Boys and Girls Club of Rochester
- Intercultural Mutual Assistance Association
- Legal Assistance of Olmsted County
- The Landing
- Family Promise Rochester
- Women’s Shelter and Support Center
- Doc’s Recovery House
- Channel One Regional Food Bank
- Recovery Is Happening
- Three Rivers Community Action
- Gamehaven Council – Boy Scouts of America
- Friends of Quarry Hill Nature Center
- Two Rivers Habitat for Humanity
Check presentations for the Rochester-based organizations are expected to take place over the next two weeks.
The grants are part of a larger $20 million initiative from FHLB Des Moines to strengthen affordable housing and community development across Minnesota. According to Kris Williams, president and CEO of FHLB Des Moines, the fund continues to be “a powerful resource in supporting our members as they expand access to affordable housing and drive community development.”
Since the Member Impact Fund launched in 2023, it has provided nearly $70 million in grants to eligible organizations.
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