1. First Fed Foundation is accepting grant applications until September 1, 2025. 2. The foundation awarded $7.6 million in grants since its inception. 3. Grants support community needs in housing, economic development, and more. 4. First Northwest Bancorp funds the foundation's community support efforts. 5. In 2022, First Fed contributed over $1.3 million to nonprofits.
The active grant program signals FNWB's commitment to community investment, enhancing brand image. Historical performance shows that strong community involvement often correlates with positive market sentiment.
The continued philanthropic activity shows FNWB's stability and community alignment, potentially driving long-term shareholder value.
Community support initiatives take time to display effects in brand loyalty and customer growth. Past examples show prolonged benefits from consistent philanthropic efforts.
PORT ANGELES, Wash., Aug. 25, 2025 (GLOBE NEWSWIRE) -- The First Fed Foundation is pleased to remind nonprofit, tribal, government, and school district organizations serving Clallam, Jefferson, Kitsap, Whatcom Counties, and the city of Bellevue that the Fall 2025 grant application cycle is still open—but not much longer. Applications will be accepted through 11:59 PM on Monday, September 1, 2025.
About First Fed Foundation
Founded in 2015 with a generous $12 million gift in cash and stock from First Northwest Bancorp (NASDAQ:FNWB), the parent company of First Fed, the Foundation continues the Bank's legacy of community support. It was established in connection with First Fed's conversion to a publicly traded company to ensure a sustained commitment to charitable giving.
Since then, the Foundation—whose sole donor is First Fed Bank—has awarded $7.6 million (through Spring 2025) in grants to nonprofit, government, tribal organizations, and school districts focused on benefiting low- to moderate-income, disadvantaged, and/or marginalized communities in the regions where First Fed operates full-service branches.
Grant Timeline & Funding Priorities:
The Foundation supports projects aligned with strategic community needs across:
Applications are encouraged from eligible groups that can benefit from funding in the Foundation's priority areas. Information such as guidelines, FAQs, sample applications, budget templates, and more are available on the Foundation's website at firstfedcf.org/grants.
First Fed Community Commitment
First Fed Foundation's grantmaking builds on a century-long legacy of community support by continuing the mission of First Fed, a local community bank serving Western Washington since 1923. First Fed operates 17 locations, including 12 full-service branches across Clallam, Jefferson, King, Kitsap, and Whatcom Counties, and is headquartered on the North Olympic Peninsula.
First Fed and its foundation have together contributed millions to nonprofits—just in 2022, they contributed over $1.3 million—and First Fed team members have generously volunteered thousands of hours, supported by up to three paid volunteer days per employee each year.
This underscores their shared vision: creating well-being and prosperity for employees, customers, and communities alike.
Media Contact:
First Fed Foundation
Executive Director: Jan Simon
Email: Jan.Simon@FirstFedCF.org
