Rasmuson Foundation

Organization Overview

Rasmuson Foundation is located in Anchorage, AK. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rasmuson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Rasmuson Foundation generated $102.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $45.8m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Rasmuson Foundation has awarded 5,976 individual grants totaling $290,036,366. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

THE FOUNDATION ENGAGED IN EXPLORING A HOMELESSNESS INITIATIVE AND CONTRACTORS WERE HIRED TO ASSIST WITH STRATEGIC, PROGRAM, FINANCIAL, AND INFRASTRUCTURE DEVELOPMENTS. VARIOUS TELECONFERENCES, PANELS, AND GATHERINGS OF GRANTEES AND BUSINESS LEADERS WERE HOSTED TO BRING TOGETHER EXPERTS FROM DIFFERING CULTURES, LOCATIONS AND ORGANIZATIONS TO SUPPORT THE EFFORTS TO END HOMELESSNESS IN ALASKA.


THE FOUNDATION'S INDIVIDUAL ARTIST AWARD PROGRAM AWARDS ONE DISTINGUISHED ARTIST AWARD, TEN FELLOWSHIP AWARDS, AND TWENTY-FIVE PROJECT AWARDS. VARIOUS TELECONFERENCES AND GATHERINGS OF PANELIST WERE HOSTED TO REVIEW AND SELECT FROM OVER THREE HUNDRED APPLICATIONS TO THE PROGRAM.


THE FOUNDATION ADMINISTERS PROGRAM RELATED INVESTMENTS TO RESPOND TO THE CAPITAL NEEDS OF ALASKA NONPROFITS. CERTAIN CONSULTANTS AND CONTRACTORS WERE HIRED TO ASSIST WITH THE PROGRAM.


THE FOUNDATION'S SABBATICAL PROGRAM AWARDS FIVE TO SEVEN SABBATICAL GRANTS TO SUPPORT AND INCENTIVIZE ALASKA'S NONPROFIT AND TRIBAL EXECUTIVES TO REMAIN IN THE FIELD. VARIOUS TELECONFERENCES AND GATHERING OF PANELIST WERE HOSTED TO REVIEW AND SELECT APPLICATIONS TO THE PROGRAM.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Latash Investments Llc
$1,785,367
Moss Adams Llp
$169,710
Arctic Information Technology
$127,582
Michele Brown
$118,319
Orion Technology Consulting
$75,846
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $89,500
Interest on Savings $25,987
Dividends & Interest $2,624,999
Net Rental Income$0
Net Gain on Sale of Assets $78,513,148
Capital Gain Net Income $91,751,985
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $21,572,455
Total Revenue $102,826,089

Grants Awarded

Over the last fiscal year, Rasmuson Foundation has awarded $40,697,704 in support to 757 organizations.

Grant RecipientAmount

THE ALASKA COMMUNITY FOUNDATION

Org PageRecipient Profile

Anchorage, AK

PURPOSE: RASMUSON FOUNDATION FUND

$3,505,000

THE ALASKA COMMUNITY FOUNDATION

Org PageRecipient Profile

Anchorage, AK

PURPOSE: HOMELESS SHELTER IN ANCHORAGE

$2,000,000

ALUTIIQ HERITAGE FOUNDATION

Org PageRecipient Profile

Kodiak, AK

PURPOSE: ALUTIIQ MUSEUM EXPANSION AND RENOVATION

$1,800,000

MUSEUMS ALASKA INC

PURPOSE: ART ACQUISITION AND COLLECTIONS MANAGEMENT FUND FOR ALASKA MUSEUMS

$1,340,000

Juneau, AK

PURPOSE: SEACOAST TRUST ENDOWMENT

$1,000,000

THE ALASKA COMMUNITY FOUNDATION

Org PageRecipient Profile

Anchorage, AK

PURPOSE: GENERAL SUPPORT

$1,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Rasmuson Foundation has recieved totaling $25,000.

Awarding OrganizationAmount
The Valley Hospital Association Inc

Wasilla, AK

PURPOSE: PROGRAM SUPPORT & SPONSORSHIP

$15,000
First Alaskans Institute

Anchorage, AK

PURPOSE: CULTURE CAMP

$10,000
View Grant Recipient Profile

Peer Organizations

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