For Immediate Release on December 7, 2012
Contact: Cassandra Stalzer, 907-334-0520

Foundation awards $9.9 million

Anchorage -  Rasmuson Foundation's Board of Directors announces $9.9 million in Tier 2 grants, investments and initiatives across Alaska. These awards were made Wednesday at the Foundation’s biannual meeting.  

The projects receiving funding include (organized by region):

 

South Central

Copper River


Interior

  • Bread Line is a soup kitchen that will use a $135,000 grant to complete renovations to accommodate the Stone Soup Café in Fairbanks.


Kodiak

  • The Village of Old Harbor will receive $60,000 to renovate the historic Three Saints Orthodox Church and Museum.


Kenai Peninsula

  • Center for Alaskan Coastal Studies will replace its dock and barge system at Peterson Bay Field Station with a $141,000 grant.
  • Kenaitze Indian Tribe was awarded $750,000 to support the construction of the Dena’ina Wellness Center.
  • Sterling Community Club will use $120,000 to construct and equip a multi-purpose community center.
  • The Native Village of Tyonek will construct a new health clinic with a $260,000 matching grant.
  •  

Mat-Su

  • Northern Susitna Institute will receive $150,000 to purchase property for a community center in Talkeetna.
  • Valley Residential Services, which provides quality, affordable housing to those with special needs,  was awarded a $475,000 grant and a $450,000 Program Related Investment loan to purchase an office building.  


Northwest

  • Maniilaq Association was awarded a grant of $250,000 in memory of former Senator Al Adams for mammography and ultrasound equipment at the Maniilaq Health Center in Kotzebue, a project for which he advocated.


Southeast

Statewide

  • The Foundation will invest $500,000 over two years in Recover Alaska, a statewide collaborative effort to reduce the harmful effects of alcohol in Alaska.
  • The Alaska Community Foundation will receive up to $250,000 over three-years to expand The Community Asset Building Initiative, a program to build permanent, local endowment funds across the state.

Rasmuson Foundation's Tier 2 program supports large (more than $25,000) capital projects, projects of strategic importance or innovative nature, or the expansion or start-up of programs that address issues of broad community or statewide significance. Program Related Investments (PRIs) are equity investments, linked deposits or loans that can be used by a foundation to support a charitable project or activity. The Rasmuson Board of Directors considers Tier 2 grants and PRIs twice a year at its board meetings. Letters of inquiry are required and accepted year-round.

About the Foundation
The Rasmuson Foundation was created in May 1955 by Jenny Rasmuson to honor her late husband "E.A." Rasmuson. Through grantmaking and initiatives, the Foundation is a catalyst to promote a better life for all Alaskans.
 



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