Houston Nonprofit Receives Fourth Partnership Grant for Women’s Empowerment
August 10 2018 - 6:52PM
Business Wire
Comerica Bank and FHLB Dallas Awarded $10K
Grant to PowHer Play
Comerica Bank and the Federal Home Loan Bank of Dallas (FHLB
Dallas) awarded a $10,000 Partnership Grant Program (PGP) grant to
PowHer Play, a Houston-based organization that supports women in
improving their lives. PowHer Play is primarily a
volunteer-operated organization that empowers women through
motivational conferences, scholarships and grants.
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Comerica Bank and FHLB Dallas awarded
$10,000 in Partnership Grant Program funds to PowHer Play, a
Houston-based organization that supports women in improving their
lives. (Photo: Business Wire)
The grant was awarded today at the organization’s 2018
Professional Women’s Breakfast. Founder and Executive Director of
The Chatman Women’s Foundation Shantera L. Chatman said this grant
will go toward helping to offset operational costs associated with
annual events, scholarships and the mentoring program.
“Because of this grant, we have the opportunity to provide funds
for even more women than before in the Houston area,” said Ms.
Chatman. “We are truly grateful for the partnership with Comerica
Bank and FHLB Dallas that allows us to continue to empower women to
develop their individual ‘PowHer.’”
This is the fourth PGP grant awarded to the nonprofit in four
years. The 2017 grant was applied to scholarships for women in
transition, capacity-building and contractual services. Grants in
2015 and 2016, each for $4,800, bring PowHer Play’s total PGP
grants, including the 2017 and 2018 awards, each for $10,000, to
$29,600.
Comerica Bank’s Houston Market President J. Downey Bridgwater
said the PGP allows Comerica to satisfy its commitment to reinvest
in the community.
“The PGP allows Comerica to honor its commitment of enhancing
and helping educate the communities where we live and work,” said
Mr. Bridgwater. “We are so grateful for our continued partnership
with FHLB Dallas.”
Through this unique grant program, FHLB Dallas member
institutions contribute $500 up to $4,000 to a CBO, which FHLB
Dallas matches at a 3:1 ratio to provide the CBO up to $12,000 in
grant money. The PGP also complements the development activities
fostered by FHLB Dallas’ Affordable Housing and Community
Investment programs. For 2018, FHLB Dallas has awarded $300,000 in
PGP funds through 31 member institutions to assist 32
community-based organizations. Combined with the $114,010
contributed by FHLB Dallas members, a total of $414,010 has been
awarded to the organizations.
“We’re proud to partner with Comerica Bank to help empower
Houston women through the PGP,” said FHLB Dallas Vice President and
Affordable Housing Program Manager Bruce Hatton.
About Comerica Bank
Comerica Incorporated (NYSE: CMA) is a financial services
company headquartered in Dallas, Texas, and strategically aligned
by three business segments: The Business Bank, The Retail Bank, and
Wealth Management. Comerica focuses on relationships, and helping
people and businesses be successful. In addition to Texas, Comerica
Bank locations can be found in Arizona, California, Florida and
Michigan, with select businesses operating in several other states,
as well as in Canada and Mexico. Comerica reported total assets of
$72.0 billion at June 30, 2018.
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 $75.9 billion as of June 30, 2018, is a
member-owned cooperative that supports housing and community
development by providing competitively priced advances and other
credit products to approximately 825 members and associated
institutions in Arkansas, Louisiana, Mississippi, New Mexico and
Texas. Visit fhlb.com for more information.
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Federal Home Loan Bank of DallasCorporate Communications,
214-441-8445fhlb.com