JACKSON, Miss., Nov. 9, 2015 /PRNewswire-USNewswire/ -- The Corporation for Global Community Development (CGCD) today received an $18,000 Partnership Grant Program (PGP) award from BancorpSouth Bank, Trustmark National Bank, and the Federal Home Loan Bank of Dallas (FHLB Dallas). The funds will be used for operational and administrative expenses. CGCD also dedicated the Dorothy L. Biard Hearts of Compassion Independent Living for Seniors Center.
Presented annually, PGP awards provide grants up to $12,000 to community-based organizations (CBOs), which may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services.
The nonprofit outreach arm of the Jackson Revival Center Church, CGCD offers a variety of services, primarily to individuals and families living below the poverty level in Hinds County, Mississippi. These services include the Jackson Revival Center Food Outreach, which serves some 850 families per month. Other programs includes annual school-supply drives, free tax-preparation assistance, housing and financial-literacy seminars, and college scholarships.
"We give thanks for the generous gift from BancorpSouth Bank, Trustmark Bank, and the Federal Home Loan Bank of Dallas," said Reverend Jennifer Biard, senior pastor of Jackson Revival Center Church and executive director of CGCD. "With their support, we will be able to keep reaching those in our community who seek compassion and support for better lives."
Joseph Moss, mid-Mississippi division president for BancorpSouth Bank, said his institution is pleased to help CGCD.
"BancorpSouth Bank is committed to supporting the communities we serve," he said. "This contribution, so generously enriched by the match from FHLB Dallas, will help CGCD make a tangible difference in Hinds County."
U.S. Census figures showed that more than 172,000 people lived in Jackson in 2013, with 23.5 percent of them living below the poverty level. The 2013 poverty level in Mississippi was 19.9 percent, according to the latest statewide Census data available.
"Trustmark takes seriously our commitment to community investment," said Steffani Jenkins, first vice president and director of Community Development at Trustmark National Bank. "We are pleased to see the difference this contribution will make within Jackson and Hinds County."
The structure of the PGP allows FHLB Dallas member institutions to make a contribution to a CBO, which FHLB Dallas will match. The member's contribution may range from $500 up to $4,000 and is matched at a 3:1 ratio. In 2015, FHLB Dallas awarded $225,000 in PGP funds to support 25 organizations. For more information, visit fhlb.com.
Greg Hettrick, vice president and director of Community Investment at FHLB Dallas, said the PGP reaches communities large and small to make a difference.
"FHLB Dallas is pleased to match the generous contributions of BancorpSouth Bank and Trustmark National Bank," Mr. Hettrick said. "The PGP facilitates community investment at the local level, where the funding can make a powerful impact on the lives of the underserved."
About BancorpSouth Bank
BancorpSouth, Inc. (NYSE: BXS) is a financial holding company headquartered in Tupelo, Mississippi, with approximately $13.8 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc. operates 286 commercial banking, mortgage, and insurance locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, and Texas, including an insurance location in Illinois. "Like" us on Facebook; follow us on Twitter: @MyBXS; or connect with us through LinkedIn.
About Trustmark National Bank
Trustmark is a financial services company providing banking and financial solutions through 200 through Alabama, Florida, Mississippi, Tennessee, and Texas.
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 $43.0 billion as of September 30, 2015, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 865 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Visit fhlb.com for more information.
Federal Home Loan Bank of Dallas
SOURCE Federal Home Loan Bank of Dallas