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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.
Rasmuson awards more than $200 million 071812 AE 1 Capital City Weekly 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.
Wednesday, July 18, 2012

Story last updated at 7/18/2012 - 5:24 pm

Rasmuson awards more than $200 million

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):

Juneau

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.

Statewide

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.

The remainder of the $200 million in grants was in the greater-Alaska area. 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.


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