FHLB Dallas Donates $ 500,000 to Greater New Orleans Foundation | Your money
DALLAS – (BUSINESS WIRE) – Sep 28, 2021–
The Federal Home Loan Bank of Dallas (FHLB Dallas) donated $ 500,000 to the Greater New Orleans Foundation (Foundation) to assist in their recovery efforts after Hurricane Ida.
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Andy Kopplin, CEO and President of the Greater New Orleans Foundation (right) shakes hands with the Ward Seven Citizens Center team as they work with the Helio Foundation in Chauvin, Louisiana on the recent relief trip of the Foundation in the area affected by the hurricane. (Photo: Business Wire)
FHLB Dallas is a member-owned financial institutions cooperative with approximately 800 members in five states, including banks and credit unions and their customers who were affected by Hurricane Ida.
“Hurricane Ida devastated southern Louisiana, and the reconstruction and recovery efforts will take months and years,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas. “We hope this donation to the Greater New Orleans Foundation, which has extensive expertise in this area, including work in the aftermath of Hurricane Katrina of 2005, will contribute to these long-term efforts.
The Foundation plans to use the funding to help with disaster response in the region, said Kenneth St. Charles, vice president of philanthropy at the Foundation. He said the Foundation would provide financial support to nonprofit agencies in an area of 13 parishes.
“We thank FHLB Dallas for their generous donation to help us make these vital grants to agencies that help with response and recovery,” he said.
The Foundation has already allocated more than $ 1.8 million in aid for Hurricane Ida, said Dr. St. Charles, and the latest aid comes at a critical time.
“We are seeing immediate and extremely critical needs for families who have lost their homes to the floods,” he said. “The needs are basic like food, shelter, cleaning supplies, diapers and blue tarps to cover damaged roofs. We also see the needs of families who have had to relocate to a safe place, of seniors who may lack resources, and of homeowners who need help filing insurance claims. “
He said the organizations that come together make a difference.
“Thanks to the generosity of funders such as FHLB Dallas, we are able to do this work with the help of a network of nonprofit partners; I invite anyone with this goal to contact us, ”said Dr. St. Charles.
In addition to the donation to the Foundation, FHLB Dallas made $ 500,000 in donations to other charities in the area, including food banks. The FHLB Dallas has also made available, through its member institutions, $ 2.5 million in Hurricane Recovery Grant, which helps employees of members who have been affected by the disaster; An additional $ 500,000 through its members through its Disaster Reconstruction Assistance Program, which provides funding for the repair and rehabilitation of qualified owner-occupied housing; and low cost advances (loans) to members through its disaster relief program.
About the Foundation of Greater New Orleans
With roots spanning nearly 100 years, the Founding of Greater New Orleans has over 1,000 different philanthropic funds and assets of $ 460 million. The Foundation serves the region of 13 parishes in southeast Louisiana, including Assomption, Lafourche, Terrebonne, Saint-Charles, Saint-James, Saint-Jean, Saint-Tammany, Jefferson, Orléans, Plaquemines, Saint-Bernard, Tangipahoa and Washington. More than 900 nonprofits in the region participate in its annual online giving day, GiveNOLA Day, which has raised more than $ 40 million for nonprofits over the past eight years. The Greater New Orleans Foundation has responded to every disaster since Hurricane Katrina, when it led the Unified Community Planning Effort and a $ 23 million affordable housing fund. Most recently, it raised and distributed nearly $ 7 million in response to the COVID-19 pandemic. In response to Hurricane Ida, the Foundation has already raised more than $ 4 million from more than 1,100 individual donors, businesses and foundations and has distributed funds to help nonprofits pre-position themselves for Hurricane Ida response efforts.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $ 58.6 billion as of June 30, 2021, is a co-operative owned by its members which supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.
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CONTACT: Corporate communication
Federal Home Loan Bank of Dallas
KEYWORD: UNITED STATES NORTH AMERICA TEXAS LOUISIANA
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SOURCE: FHLB Dallas
Copyright Business Wire 2021.
PUB: 09/28/2021 1:02 PM / DISC: 09/28/2021 1:02 PM
Copyright Business Wire 2021.