Three Bank of Marin Customers Awarded 2018 Federal Home Loan Bank AHEAD Grants
Grants Totaling $85,000 Will Support North Bay Nonprofit Organizations
NOVATO, CA – (October 11, 2018) – Three Bank of Marin customers from the North Bay will receive grants totaling $85,000 from the Federal Home Loan Bank (FHLB) of San Francisco as part of its 2018 AHEAD program (Access to Housing and Economic Assistance for Development.) The Bank’s three grant recipients are: Cedars ($35,000), Integrated Community Services ($20,000), and Petaluma People Services Center ($30,000). In total, Bank of Marin submitted applications for 12 qualified nonprofit customers – twice as many as the prior year.
The AHEAD grants are intended to help advance innovative economic development initiatives and foster community stability and self-sufficiency. This year’s winners will use the funds over the next 18 months to support the following initiatives:
Cedars based in San Anselmo will use their $35,000 grant for their Artists Unlimited Program which will explore new art markets for clients with intellectual and developmental disabilities.
Integrated Community Services, an organization that assists people with disabilities based in San Rafael, will put their $20,000 grant towards developing new partnerships and building new gardens.
Petaluma People Services Center, a nonprofit dedicated to providing mental health services, will use their $30,000 grant award to help pay for staff and materials to create an employment program for women age 50 and over.
“We are proud to support our nonprofit customers participating in this grant program by providing the time and expertise that these applications require,” said Russell A. Colombo, CEO of Bank of Marin. “It is a true team effort to see these grant requests go from a dream on paper to become a reality in the community. With this additional funding, we are excited to see what opportunities these deserving organizations will create for people in need.”