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