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.
For the year ending 12/2019, Rasmuson Foundation generated $50.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $32.8m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rasmuson Foundation has awarded 4,544 individual grants totaling $219,491,047. 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 990PF Filing
Describe the Organization's Program Activity:
Part 3 - Line 4a
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'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.
THE FOUNDATION SUPPORTED EFFORTS BY LOCAL ORGANIZATIONS TO SEEK LOAN AND EQUITY FUNDING FOR CHARITABLE PROGRAMS, INFRASTRUCTURE PURCHASE AND RENOVATION. SUPPORT WAS GIVEN FOR LEGAL AND FINANCIAL COSTS.
|Vendor Name (Service)||Service Year||Compensation|
Latash Investments Llc
Moss Adams Llp
Orion Technology Consulting Llc
|Statement of Revenue|
|Contributions, Gifts, Grants & Similar||$185,000|
|Interest on Savings||$839,577|
|Dividends & Interest||$4,520,102|
|Net Rental Income||$0|
|Net Gain on Sale of Assets||$27,128,546|
|Capital Gain Net Income||$19,331,628|
|Net ST Capital Gain||$0|
|Profit on Inventory Sales||$0|
|Statement of Expenses|
|Compensation of officers, directors, trustees, etc||$1,091,061|
|Other employee salaries and wages||$2,068,693|
|Pension plans, employee benefits||$1,061,581|
|Travel, conferences, and meetings||$338,426|
|Printing and publications||$29,331|
|Total operating and administrative expenses||$11,327,319|
|Contributions, gifts, grants paid||$21,485,775|
|Total expenses and disbursements||$32,813,094|
|Savings and temporary cash investments||$45,425,671|
|Net Accounts receivable||$0|
|Net Pledges Receivable||$0|
|Receivables from Officers, Directors, or Controlling Persons||$0|
|Net other notes and loans receivable||$0|
|Inventories for sale or use||$0|
|Prepaid expenses and deferred charges||$0|
|Net Investments - land, buildings, equipment||$0|
|Net Land, buildings, and equipment||$1,647,594|
|Accounts payable and accrued expenses||$1,163,213|
|Loans and other payables to any current Officer, Director, or Controlling Person||$0|
|Mortgages and other notes payable||$0|
Over the last fiscal year, Rasmuson Foundation has awarded $29,967,165 in support to 785 organizations.
ALASKA STATE COUNCIL ON THE ARTS
PURPOSE: ARTS IN EDUCATION HARPER TOURING YOUTH CULTURAL HERITAGE
NATIVE VILLAGE OF UNALAKLEET
PURPOSE: CONSTRUCT AN ASSISTED LIVING FACILITY
Over the last fiscal year, we have identified 1 grants that Rasmuson Foundation has recieved totaling $10,000.
The Valley Hospital Association Inc
PURPOSE: PROGRAM SUPPORT/SPONSORSHIP
Paul G Allen Family Foundation
Gates Philanthropy Partners
Schultz Family Foundation
Oscar T And Olivann Hokoldfoundation
T-Mobile Usa Foundation
Southwest Washington Workforce Development Council
Stolte Family Foundation
James D And Sherry Raisbeck Foundation