COVID-19 Relief Efforts
For Immediate Release
Nora Nolden, Communications Consultant
[email protected] or (651) 245-6804
Compeer Financial Dedicates $830,000 to Support COVID-19 Relief Efforts
Sun Prairie, Wis., (April 10, 2020) – Compeer Financial, a member-owned Farm Credit cooperative based in the Upper Midwest, is pleased to announce the organization is dedicating $830,000 to COVID-19 relief efforts across the organization’s three-state territory of Illinois, Minnesota and Wisconsin. Compeer’s multi-faceted approach will directly impact the response efforts of local organizations and community partners.
“As people in agriculture and rural America grapple with the impacts of COVID-19, Compeer Financial is proud to support community response efforts,” said John Monson, chief mission and marketing officer at Compeer Financial. “Our commitment to serve our clients and to champion rural America remains steadfast, and we are dedicated to helping communities and people remain resilient during these challenging times.”
Compeer’s support includes donations to local community foundations for COVID-19 response efforts, grants for organizations and emergency response providers, funding for local foodbanks, donations to rural healthcare facilities and more. Funding comes from the Compeer Financial Fund for Rural America and the organization’s newly established donor advised fund, the Agriculture and Rural Initiative.
“This pandemic has disrupted jobs, impacted education, affected childcare and much more, creating some pretty immediate needs in the communities we serve,” added Monson. “The care and compassion our team members have for the agriculture industry and the people we serve is unparalleled. We truly believe that by working together we can make a difference that matters now, and as new challenges emerge in the weeks and months to come.”
As a part of these efforts, the Fund for Rural America will open up two grants in the coming months. The application for Compeer’s general use grant will open May 1, with a deadline of May 31, 2020. Applications for the emergency response equipment grant program for volunteer fire, rescue and ambulance departments will open on August 1 and are due by August 31, 2020. Priority will be given to projects and initiatives related to COVID-19 response efforts.
About Compeer Financial
Compeer Financial is a member-owned Farm Credit cooperative serving and supporting agriculture and rural communities. The $22.2 billion organization provides loans, leases, risk management and other financial services throughout 144 counties in Illinois, Minnesota and Wisconsin. Based in the Upper Midwest, Compeer Financial exists to champion the hopes and dreams of rural America, while providing personalized service and expertise to clients and the agriculture industry.
Compeer Financial is the third largest cooperative of the Farm Credit System, a nationwide network of lending institutions supporting agriculture and rural communities with reliable, consistent credit and financial services. Learn more about Compeer Financial.
About the Fund for Rural America
The Compeer Financial Fund for Rural America is the corporate giving program of Compeer Financial, structured to support Compeer Financial’s mission to enrich agriculture and rural America. Compeer Financial’s Board of Directors has dedicated one percent of annual net earnings to support the Fund’s focus areas of education, youth engagement, rural development and community enrichment, agricultural advocacy and development, and cooperative initiatives. The fund is managed by a Board of Trustees, made up of team members from Illinois, Minnesota and Wisconsin and members of the Compeer Financial Board of Directors. More information about opportunities available through the fund can be found at Compeer.com/giving-back.