March 10, 2026
SIOUX FALLS, S.D. (March 10, 2026) – Thanks to a partnership between Sunrise Banks and the Federal Home Loan Bank of Des Moines (FHLB Des Moines), eight South Dakota-based nonprofits will receive a combined total of $122,500 in financial grants through the FHLB Des Moines’ Member Impact Fund.
Individual grants range from totals of $8,750 to $43,750 and will help expand the efforts of these nonprofits to support affordable housing, community development and entrepreneurship in their communities.
“The impact made possible through the FHLB Member Impact Fund is incredible,” says Damon Sehr, South Dakota Market President for Sunrise Banks. “As a Community Development Financial Institution (CDFI), we understand the importance of forging strong partnerships and having access to funding that aligns with an organization’s mission and values. We’re proud that Sunrise Banks supports organizations, including several fellow CDFIs, doing deeply meaningful work in our communities. And we’re grateful to FHLB Des Moines for making this possible.”
The eight recipients of the Member Impact Fund grants are:
Caminando Juntos Off Site Link – Started by the Presentation Congregation more than 20 years ago, Caminando Juntos creates a welcoming presence, responding to the needs of newly arriving Latino immigrants so they may thrive and flourish in a new place. Many families arrive in Sioux Falls with very little, and food insecurity is a major challenge. In 2025, 175 families received food support through their efforts. Sunrise Banks has a direct relationship through staff engagement, helping maintain connection and awareness of emerging community needs.
Total grant amount: $8,750
Four Bands Community Fund Off Site Link – Based in Eagle Butte, Four Bands Community Fund works to shift systems and expand equitable opportunities in small business, homeownership, and financial security for Native people. Sunrise Banks has engaged with Four Bands through multiple coalitions and direct meetings, building a growing relationship focused on supporting Native-led housing and economic development.
Total grant amount: $8,750
South Dakota Native Homeownership Coalition Off Site Link (SDNOC) – SDNOC promotes and strives to increase homeownership opportunities for Native people and workforce development for Housing Authorities, housing entities, and Native contractors. Sunrise Banks partners with SDNOC by actively participating in convenings and serving on the Sustainability Committee, supporting Native-led housing solutions and stronger homeownership pathways across South Dakota.
Total grant amount: $8,750
Great Plains Housing Initiative Off Site Link – Great Plains Housing Initiative (GPHI) increases housing opportunities for Native people through innovative and sustainable development and financing strategies. The mission advances affordable housing by expanding and sustaining housing options, and it advances community development by strengthening Native communities through stable, innovative housing solutions across South Dakota. Sunrise Banks partners with GPHI through meetings, coalitions and shared initiatives to help advance and support these solutions.
Total grant amount: $8,750
Lakota Funds Off Site Link – The mission of Lakota Funds is to advance economic sustainability and self-reliance for the Oglala Lakota Nation through lending, financial education, and asset building. Sunrise Banks collaborates with Lakota Funds through GPHI, SDNOC, and the Mountain Plains Native CDFI Coalition, supporting Native-led housing, entrepreneurship, and co-created initiatives for veterans and families.
Total grant amount: $8,750
Sioux Metro Growth Alliance Off Site Link – Sioux Metro Growth Alliance (SMGA) is South Dakota’s largest rural economic development nonprofit, supporting 17 communities and four counties. Its mission is to empower communities to grow through housing, engagement, and strategic development. Sunrise Banks partners with SMGA to advance overall economic development efforts, provide financing expertise, and support community-driven growth across the Sioux Metro region.
Total grant amount: $8,750
GROW South Dakota Off Site Link – GROW South Dakota’s mission is to provide innovative advancement of housing, education, and economic opportunities throughout South Dakota. Together, Sunrise Banks and GROW leverage shared resources and expertise to strengthen local capacity, expand knowledge, and enhance financial resiliency across communities.
This expanded Member Impact Fund grant will allow GROW South Dakota to advance two key initiatives critical to rural housing development. First, funds will help support housing feasibility studies in small and rural communities, helping local leaders assess housing needs, identify viable development opportunities, and lay the groundwork for future affordable housing projects. Second, the grant will strengthen the NeighborWorks Dakota Coalition’s capacity, enabling enhanced coordination, technical assistance, and support for housing practitioners working across the state.
Together, these efforts will help remove early‑stage barriers to housing development, improve regional collaboration, and expand long‑term housing opportunities in South Dakota communities.
Total grant amount: $43,750
Dakota Resources Off Site Link – Dakota Resources’ mission is to connect capital and capacity to empower rural communities. Sunrise Banks partners with Dakota Resources as an investor in its Community Impact Fund and through shared community‑impact initiatives that strengthen rural leadership and local development efforts across South Dakota.
This expanded Member Impact Fund grant will support Thriverr, Dakota Resources’ leadership and capacity‑building platform designed specifically for rural community and economic development leaders. Thriverr connects local leaders to peer networks, coaching, learning opportunities, and practical resources that help communities move ideas into action. By strengthening the confidence, skills, and collaboration of rural leaders, Thriverr supports locally driven housing, economic development, and community revitalization efforts throughout the state.
Total grant amount: $26,250
FHLB Des Moines provides funding solutions to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. The Member Impact Fund provides up to a 3:1 matching grant donation for FHLB Des Moines members to strengthen the ability of nonprofits or government entities to support the needs of their communities.
Sunrise Banks nominated the eight nonprofits listed above and provided anywhere from $2,500 to $12,500 in grant funding.
“The Member Impact Fund is designed to help our members champion the organizations that make a real difference in their communities,” said Kris Williams, president and CEO of FHLB Des Moines. “By partnering with our members, we’re able to multiply resources and support their vital work as they continue to strengthen opportunities for the people they serve.”
Recipient organizations were selected based on the needs for grant funding to support capacity-building or working capital necessary to strengthen their ability to serve affordable housing or community development needs including job training, affordable housing, financial literacy, food banks and youth programs.
Since its launch in 2023, the Member Impact Fund has provided more than $83 million in grants from FHLB Des Moines, generating over $113 million in combined support for affordable housing and community development. Notably, every eligible application submitted to the program has received funding—reflecting the organization’s strong commitment to partnership and impact.
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ABOUT SUNRISE BANKS
Sunrise Banks is no ordinary bank; we strive to be a place where money and values meet for our customers and our communities. We do this by prioritizing social responsibility, community impact and environmental sustainability alongside our essential financial products and services. With locations in Minneapolis/St. Paul, Minnesota and Sioux Falls, South Dakota, Sunrise Banks seeks to build meaningful relationships, empower financial wellness and drive positive change.
Sunrise Banks is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values and a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. For more information, visit www.sunrisebanks.com Off Site Link.
ABOUT FEDERAL HOME LOAN BANK OF DES MOINES
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement.
FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is
wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com Off Site Link.
Media Contacts
Amanda Theisen | Communications Manager | Sunrise Banks
651.206.2569 | [email protected] Off Site Link
Rachel Wegmann | Public Relations Manager | FHLB Des Moines
515.412.2357 | [email protected] Off Site Link
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