Partnership Grant Covers Accounting Contractual Services
MARKSVILLE, La.–(BUSINESS WIRE)–The Avoyelles Society for the Developmentally Disabled (ASDD) received a
$10,000 grant today from The Cottonport Bank and the Federal Home Loan
Bank of Dallas (FHLB Dallas).
Several dignitaries attended the presentation of the Partnership Grant
Program (PGP) ceremonial check including: Wyatt Lobrano, district
director for the Office of Congressman Ralph Abraham, M.D. (District 5);
Maria R. Trichell, legislative aide to Louisiana State Representative
Robert Johnson (District 28); Avoyelles Parish Sheriff Doug Anderson;
and representatives from ASDD, The Cottonport Bank, and FHLB Dallas.
ASDD, a 45-year-old nonprofit that serves developmentally disabled
residents of Avoyelles Parish, Louisiana, will use the funds to pay for
CPA services including financial reporting and tax filing.
“I’m pleased to see that the Avoyelles Society for the Developmentally
Disabled will be the beneficiary of this grant. The Society does a
tremendous job working to improve the lives of its clients, and I know
that this grant money will help it further its mission of strengthening
our families and local communities,” Dr. Abraham said.
Presented annually to community-based organizations (CBOs), PGP grants
may be used for research, organizational capacity-building, grant- and
funding-application assistance, or contractual services.
“The Cottonport Bank has served this region since 1902, and we thank
FHLB Dallas for partnering with us to better provide for the ASDD and
all they do in our community,” said Vickie Miller, chief compliance
officer and community development officer at The Cottonport Bank.
ASDD currently provides training and employment opportunities to 45
clients, supporting their levels of independence, personal growth, and
“This is just outstanding for us,” said ASDD Executive Director Lauren
Laborde. “We rely heavily on fundraisers to support our mission so,
without the grant, we would have had to coordinate another fundraiser or
find another grant program.”
Through the PGP, member institutions, such as The Cottonport Bank,
contribute $500 up to $4,000 to a CBO. These contributions are matched
by FHLB Dallas at a 3:1 ratio to provide up to $12,000 in grant money to
Avoyelles Parish Sheriff Anderson said ASDD’s tenure of service has
created a legacy of positive outcomes.
“This nonprofit meets people where they are and gives them tools and
resources to make the most of their lives,” he said. “Thank you to
everyone involved with this grant. It will free up funding that can
directly impact citizens.”
PGP grants are offered annually through FHLB Dallas’ member institutions
via a lottery system. Funds may be used for research, organizational
capacity-building, grant- and funding-application assistance, or
contractual services. In 2016, FHLB Dallas awarded $225,000 in PGP funds
to assist 23 CBOs. Combined with the $96,200 from member institutions, a
total of $321,200 was awarded this year.
“FHLB Dallas appreciates the support of The Cottonport Bank to
Louisiana,” said Bruce Hatton, Affordable Housing Program manager at
FHLB Dallas. “Through the PGP, we are able to partner with our valued
member to effectively direct grant funds to nonprofits.”
About The Cottonport Bank
Established in 1902, The Cottonport Bank employs 144 financial
professionals serving 12 locations across Baton Rouge, Bordelonville,
Brusly, Bunkie, Cottonport, Effie, Mansura, Marksville, Moreauville, New
Roads, Plaucheville, and Simmesport. The bank reported total assets of
$331.1 million as of June 30, 2016. For more information, visit
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 created by Congress in 1932. FHLB Dallas, with total
assets of $54.4 billion as of June 30, 2016, is a member-owned
cooperative that supports housing and community development by providing
competitively priced advances and other credit products to approximately
850 members and associated institutions in Arkansas, Louisiana,
Mississippi, New Mexico, and Texas. Visit fhlb.com
for more information.
Federal Home Loan Bank of Dallas