Partnering With Our Cooperative Customers To Build Vibrant Rural Communities
CoBank is renewing its “Sharing Success” program for 2016, creating a $3 million charitable fund designed to benefit cooperatives and the charitable groups they support throughout rural America. Under “Sharing Success,” CoBank will match contributions by our cooperative customers to the nonprofit organizations of their choice on a dollar-for-dollar basis, from a minimum of $1,000 up to a maximum of $5,000.
CoBank first launched the program in 2012 in conjunction with the International Year of Cooperatives. It is one more way CoBank creates value for its customers, by partnering with them to strengthen the communities they serve.
“We continue to believe that the best way for CoBank to make a meaningful impact in terms of corporate citizenship is to partner with our customers,” said Bob Engel, CoBank’s chief executive officer. “Across rural America, cooperatives of all kinds are supporting charitable organizations and working to advance the growth and development of their communities. Sharing Success enables CoBank to leverage that local knowledge and expertise and provide assistance to causes that our customers care deeply about.”
CoBank will begin formally accepting applications for funding from customers on April 1, 2016. The program will run through October 31, 2016 or the point when the fund is exhausted, whichever comes first. Cooperatives interested in participating should contact their CoBank relationship manager for an application and detailed program requirements.
“We hope even more of our customers participate this year and take advantage of this opportunity to increase the power of their local giving,” Engel said. “We look forward to joining with our customers through the program and sharing our success with them, in the best cooperative tradition.”
Interested customers must complete the application form in its entirety and then submit the form to CoBank through their Relationship Manager. Once an application has been reviewed and approved, a check payable to the charity will be sent to the customer for delivery to the recipient charitable organization. For questions or more information please contact us at SharingSuccess@CoBank.com.