Rickety bleachers in a school gym replaced with sturdy new ones. A drinking fountain and charging station on a bike trail. A smartboard to enhance a school special education department. New window blinds and chairs to improve a senior center.
This is just a handful of the projects the First Federal Foundation has funded in the last year. Established in 2003, the foundation is part of First Federal Bank’s deep commitment to the well-being and quality of life of people who live and work in the communities the bank serves. Funded by the bank, the foundation focuses its philanthropic efforts on local causes, having awarded more than $1.3 million since it was established. As the Magic Valley and Treasure Valley continue to grow, the foundation plays an increasingly important role in supporting community projects.
“First Federal Bank is a mutual bank owned by its depositors,” said Lori Ward, President of the First Federal Foundation Board of Directors. “The bank takes the community aspect very seriously.”
The foundation has two grant funding cycles a year, one in late spring and one in early winter, totaling over $100,000 in support annually. Individual grants are typically between $1,000 and $5,000, dispersed to numerous non-profits with varying needs, Ward said. “We have a long list of really worthy, fascinating, impactful grants the foundation has made.”