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.

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

TAX YEAR

2019

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Latash Investments Llc
$1,599,514
Moss Adams Llp
$202,400
Orion Technology Consulting Llc
$174,795
Richard Mandsager
$154,462
Lmj Consulting
$88,229
View All Vendors

Financial Statements

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
Income Modifications $0
Profit on Inventory Sales $0
Other Income $17,365,951
Total Revenue $50,039,176

Grants Awarded

Over the last fiscal year, Rasmuson Foundation has awarded $29,967,165 in support to 785 organizations.

Grant RecipientAmount

SOUTHCENTRAL FOUNDATION

Org PageRecipient Profile

Anchorage, AK

PURPOSE: NEURODEVELOPMENTAL CLINIC

$820,000

TANANA CHIEFS CONFERENCE

Org PageRecipient Profile

Fairbanks, AK

PURPOSE: CONSTRUCT THE UPPER TANANA SUB-REGIONAL HEALTH CENTER IN TOK

$800,000

THE ALASKA COMMUNITY FOUNDATION

Org PageRecipient Profile

Anchorage, AK

PURPOSE: STRENGTHENING ORGANIZATION SUPPORT

$800,000

ALASKA HUMANITIES FORUM

Org PageRecipient Profile

Anchorage, AK

PURPOSE: MAGNETIC NORTH FILM SERIES RENEWAL

$735,000

ALASKA STATE COUNCIL ON THE ARTS

PURPOSE: ARTS IN EDUCATION HARPER TOURING YOUTH CULTURAL HERITAGE

$670,000

NATIVE VILLAGE OF UNALAKLEET

PURPOSE: CONSTRUCT AN ASSISTED LIVING FACILITY

$649,730
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Rasmuson Foundation has recieved totaling $10,000.

Awarding OrganizationAmount
The Valley Hospital Association Inc

Wasilla, AK

PURPOSE: PROGRAM SUPPORT/SPONSORSHIP

$10,000
View Grant Recipient Profile

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