Four Bands Community Fund is a private nonprofit Community Development Financial Institution that has provided two AFI grants since 2005, with the objective of achieving economic self-sufficiency for the people of the Cheyenne River Reservation. It is also a Certified CDFI.
The fund emphasizes homeownership, postsecondary education, and business capitalization, with the goal of giving the people of the Cheyenne River Reservation the opportunity to achieve economic self-sufficiency, gain financial literacy, and attain long-term assets. The fund has been successful in opening IDAs, purchasing assets, and providing financial education classes.
Partners
The fund partners with Cheyenne River Sioux Tribal Ventures, Cheyenne-Eagle Butte School District and Cheyenne River Housing Authority to provide recruitment, training for education savers, and homeownership assistance, respectively. The fund also partners with Habitat for Humanity to provide volunteer labor to complete home renovations, and with local businesses to provide paid internships to high school youth who enroll in the IDA project.
Assets for Independence Grant History
Project Title
Four Bands Community Fund, Inc. IDA Program
Highlights/Outcomes
93 IDAs have been opened.
119 participants have received financial education.
$127,284 saved by participants.
38 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
$238,676
Total Non-Federal Support: $111,176
Focus Population
Four Bands Community Fund targets eligible individuals and families of the Cheyenne River Reservation of Ziebach and Dewey counties, SD, home to the Four Bands of the Lakota Nation: Miniconjou (Plants by Water), Oo’henumpa (Two Kettle), Itazipko (No Bows), and Sihasapa (Blackfoot).
Contact
Four Bands Community Fund, Inc.
PO Box 932 Eagle Butte, SD 57625
(605) 964-3687 www.fourbands.org
