CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced the renewal of its “Sharing Success” charitable contribution program for 2015.
The bank’s board of directors has approved a commitment of $3 million for the program, which will be used to match donations by cooperative and other eligible customers to nonprofit organizations in their communities. The bank will match donations on a dollar-for-dollar basis, from a minimum of $1,000 up to a maximum of $5,000 per customer.
Since its launch in 2012, CoBank’s Sharing Success program has generated nearly $14 million for non-profit organizations throughout the country, predominantly in rural areas.
“Sharing Success has become one of the cornerstones of CoBank’s multifaceted corporate giving program,” said Robert B. Engel, CoBank’s chief executive officer. “It leverages the passion, expertise and local knowledge of our customers to identify and support the causes and programs that best address the unique needs of rural communities. We’re delighted our board has generously re-authorized this program and look forward to partnering with our customers to support people and communities in need around the country.”
CoBank will begin formally accepting applications for funding from customers on April 1. The program will run through October 31, 2015 or the point when the fund is exhausted, whichever comes first. Cooperatives and other eligible customers interested in participating should contact their CoBank relationship manager or visit www.cobank.com/about-cobank/sharing-success for an application and detailed program requirements.