Several Irons in the Fire for Ketchikan Community Foundation
February 11, 2017
“We couldn’t be more excited and encouraged by these gifts that will continue to help build our Ketchikan endowment into a secure, long-lasting entity that will benefit local non-profit organizations for generations into the future,” said Christa Bruce-Kotrc, KCF advisory board chair.
Sheila Kleinschmidt (left) and First Bank board member Agnes Moran (third from left) presented the Ketchikan Community Foundation advisory board with the first of four annual $15,000 checks to help fund a new operating endowment for the Foundation.
Bruce-Kotrc also announced the 2017 application period – Feb. 15 to March 31, 2017 – during which time local non-profits can apply for this year’s round of grant funds.
KCF expects to distribute a minimum of $20,000 this year. The Foundation last year granted about $11,000 total to four organizations – Ketchikan Volunteer Hospice, Ketchikan Theatre Ballet, Special Olympics, and Ketchikan Area Arts and Humanities Council. The Foundation expects the annual distribution amount to rise each year as the value of the endowment fund grows.
Four-Year Plan for Matching Funds
The Ketchikan Foundation operates as an affiliate member under the umbrella of The Alaska Community Foundation (ACF). It is through ACF that The Rasmuson Foundation is channeling a $5 million grant that will provide the same matching funds and support for nine affiliates throughout the state. The plan consists of:
According to Bruce-Kotrc, First Bank has already stepped up and pledged the $15,000 for four years to fund the operating endowment.
“What an honor it is to partner with First Bank, who leads the community in so many ways,” she said. “This commitment ensures the presence of a KCF office that will sustain the Foundation for years to come.”
Sheila Kleinschmidt, First Bank’s Vice President Community Development Officer, presented the first check to the advisory board. “The Ketchikan Community Foundation plays a vital role in our community in that it provides funding to non-profit organizations that may not qualify under First Bank’s Federal Community Reinvestment Act guidelines,” she said.
“I’m so excited to be able to partner with the KCF and its board of directors. Their growth and ability to so quickly offer grants to the community is testimony to their dedication to this community and its sustainability for future generations. It fits perfectly with First Bank’s Community Development mission to support the communities it does business in. It is a privilege and an honor to represent First Bank in this way.”
The First Bank contribution means the Foundation can focus on raising $25,000 each year strictly for the grant-funding endowment.
2017 Grant Application Process Opens Feb. 15, 2017
Applications for this year’s grant cycle will open Feb. 15 through March 31, 2017. The KCF board has identified three categories they will fund on a rotating cycle. The category for 2017 supports non-profit programs for youth ages 18 or under.
Editing by Mary Kauffman, SitNews
Representations of fact and opinions in comments posted are solely those of the individual posters and do not represent the opinions of Sitnews.