Alaska Bill would Create State-funded Endowment for Community Foundations

Ruth McCambridge

January 23, 2012

January 20, 2012; Source: Fairbanks Daily News-Miner | A bill was submitted in the Alaska legislature this past week that would provide endowment funds to local community foundations. The Endow Alaska grant program (Alaska House Bill 290) calls for making an annual grant to a lead philanthropic organization. That money would then be distributed to community foundations as one-to-one matches for money raised from local communities.

Thus, says one sponsor, state dollars would leverage local giving and community foundations would be provided with some help in building their asset bases and local support. –Ruth McCambridge

About the author

Ruth McCambridge

Ruth is Editor Emerita of the Nonprofit Quarterly. Her background includes forty-five years of experience in nonprofits, primarily in organizations that mix grassroots community work with policy change. Beginning in the mid-1980s, Ruth spent a decade at the Boston Foundation, developing and implementing capacity building programs and advocating for grantmaking attention to constituent involvement.

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