Rasmuson Foundation Announces $5.8 Million in Grants, Investments

The Rasmuson Foundation in Anchorage has announced grants and program-related investments totaling $5.8 million to Alaska-based nonprofit organizations, with a focus on organizations working to provide housing for seniors, the homeless, low-income families, and people with special needs.

The grants include up to $1.7 million for six housing projects backed by the Alaska Housing Finance Corporation, which provides capital grants in partnership with the foundation to support and enhance housing in the state. The foundation also pledged $475,000 to the Rural Alaska Community Action Program in support of a new Housing First project in downtown Anchorage and $125,000 to the Retirement Community of Fairbanks to complete the last apartment building in the Raven Landing senior retirement complex in Fairbanks.

Additional grants include $221,000 to the Tlingit-Haida Regional Housing Authority to renovate and expand the Kake Senior Center in Juneau; $400,000 to the Hydaburg Cooperative Association for the construction of a traditional long house to serve as a multi-purpose building; and $200,000 to the Native Village of Ruby for construction of a facility that will house behavioral health and social services. The foundation also awarded $250,000 in working capital to the Alaska Community Foundation.

Program-related investments include $1 million to Volunteers of America National Services, in partnership with Volunteers of America Alaska, to finance activities related to the planning, acquisition, and construction of housing projects in the state. In addition, the foundation awarded a grant of $375,000 and a PRI of $560,000 to the Rural Alaska Community Action Program to finance and build Safe Harbor Village, a permanent workforce housing complex of twenty-three units. 

"Foundation Celebrates 60th Anniversary, Awards $5.8 Million." Rasmuson Foundation Press Release 11/20/2015.