The Chilkat Valley Community Foundation exceeded its $35,000 goal, matching a challenge grant of the same amount set by Alaska’s Rasmuson Foundation.
The local foundation had until Dec. 31 to raise as much as $35,000 to receive matching funds from Rasmuson. “We put on a push to try to meet that match and our donors were able to do that,” said Crystal Badgley, co-chair of the local foundation. The group raised $40,246 during the drive.
Donated money will go to different funds within the foundation, Badgley said.
The foundation raised about $75,000 in the past year, bringing total capital near $500,000, she said.
Interest from the fund goes to annual grants to local nonprofits. Money in the fund is invested through the Alaska Community Foundation, of which the local foundation is an affiliate.
The Chilkat Valley Community Foundation is participating in the statewide Pick.Click.Give program. Permanent Fund Dividend applicants can choose to give a portion of their dividend to the community foundation or other local nonprofits during the application process.