Northwest Area Foundation Receives $5 Million for Native Communities

Northwest Area Foundation Receives $5 Million for Native Communities

The Federal Home Loan Bank of Des Moines has announced a $5 million grant to the Northwest Area Foundation in support of Native American communities.

The foundation will use the grant to fund the work of Native community development financial institutions (CDFIs) working to develop Native-led strategies that strengthen economic opportunities for Native people in FHLB Des Moines's region, which includes thirteen states and three U.S. Pacific territories and approximately a third of the country’s Native population.

"Over years of working closely with Native CDFIs, we have come to understand that they are a powerful means by which Native communities are building long-term economic and cultural wealth," said Northwest Area Foundation president and CEO Kevin Walker. "We hope this new collaboration will help Native CDFIs push their groundbreaking work even further and capture the imagination of new investors and new partners."

(Photo credit: Northwest Area Foundation)