Contact: Sharity Sommer, 907-297-2876
Foundation Announces Grants, Loans
Anchorage - Rasmuson Foundation's Board of Directors conducted its biannual meeting yesterday and approved $9.6 million in funding for nonprofit projects across Alaska. With these awards, Rasmuson Foundation surpassed $200 million in total grantmaking, which it began in 1955 with a $125 grant to Wasilla Presbyterian Church for a motion picture projector.
The most recent projects receiving funding include (by project location):
- Access Alaska was awarded a $500,000 grant and a $500,000 Program Related Investment loan to purchase and renovate its operations building in Anchorage.
- Alaska Community Foundation was awarded $350,000 for a fund established by the Alaska Railroad to restore historic steam engine #557. Engine #556, the sister engine of #557, sits on the Anchorage park strip as a play structure.
- Alaska Pacific University was awarded $100,000 for activities to build student enrollment and increase annual giving.
- Anchorage Neighborhood Health Center was awarded a grant for up to $650,000 to install updated breast imaging equipment at the new health clinic.
- Anchorage Park Foundation was awarded $100,000 for installation of two art panels as a component of the renovation of the Anchorage Veterans' Memorial.
- Rural Alaska Community Action Program (RurAL CAP) was awarded $450,000 to purchase and renovate a child development facility in Anchorage for low income families.
- United Way of Anchorage will receive $1,000,000 to support the “90 percent by 2020” program to increase high school graduation rates in Anchorage.
- Lubavitch Jewish Center of Alaska will use $200,000 to renovate a facility to house the Gan Yeladim Early Learning Center.
- Aiding Women in Abuse and Rape Emergencies was awarded $1,000,000 to construct an extended stay shelter for women and children.
- Juneau Cooperative Christian Ministry (dba The Glory Hole) was awarded $120,000 to make weatherization and energy efficiency improvements to its facility which provides food and shelter to homeless individuals.
- Brother Francis Shelter Kodiak will expand and renovate its homeless shelter with a $500,000 grant.
- A $500,000 grant to the City of Kodiak will be used to construct a new public library.
- Kodiak Area Native Association was awarded $100,000 to modernize the dental clinic in its Alutiiq Health Center with new dental chairs and equipment.
- The City of Soldotna will use a $495,000 grant to purchase fixtures, furniture and equipment for the expansion of the Joyce K. Carver Memorial Public Library.
- Southcentral Foundation was awarded $1,258,900 to furnish and equip a 21-chair dental clinic in the new Valley Native Primary Care Center in Wasilla.
- Alaska Immigration Justice Project was awarded $500,000 to expand the programs and services offered by its Language Interpreter Center.
- RurAL CAP was awarded $250,000 to make improvements to Head Start facilities in several rural communities.
- In a Foundation-initiated grant, $1 million was allocated for a one-time distribution of funds through the statewide Emergency Food and Shelter Network administered through United Way of Anchorage.
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 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.