As a mission-based lender, CoBank is committed to serving as a good corporate citizen. The bank is an active supporter of charitable causes around the country, particularly in communities where its associates, directors and customers live and work.
CoBank's corporate giving program includes a number of specific initiatives. Detailed information about these programs is available in our latest corporate social responsibility report, "Growing Rural America."
Strategic Alliances: The bank has formed strategic alliances with a number of non-profit organizations, including the American Red Cross, Mile High United Way, and Food Bank of the Rockies.
Sharing Success: A cornerstone of the bank’s corporate social responsibility programs, Sharing Success is a $3 million charitable fund that matches contributions from CoBank’s cooperative and other eligible customers to the nonprofit organizations of their choice. The 2016 Sharing Success program will launch on April 1 and will continue through October 31, or the point at which the fund is exhausted.
Cooperative Advocacy and Industry Support: In addition to its corporate philanthropy programs, CoBank is an active supporter of organizations that promote the public policy interests of cooperatives and industry sectors served by the bank. In 2015, the bank contributed more than $2.4 million to support hundreds of industry organizations across the country.
Board-directed contributions: Each member of the CoBank board is able to direct up to $10,000 annually to charitable organizations of his or her choosing.
Associate-directed contributions: Each employee can direct a $500 contribution from CoBank to a charity of his or her choosing each year.
Scholarships: The bank funds scholarships at a number of universities around the country to support students pursuing degrees related to agriculture, agribusiness, cooperative development and other fields related to the bank's mission.
In 2015, the bank contributed more than $8.4 million to non-profit organizations through its multi-faceted corporate citizenship program, including commitments for future years.