New charitable foundation forming for Petersburg
Petersburg organizers are developing a new charitable foundation. It has a broad mission to help fund local non-profit efforts – from education and the arts to health, community heritage and local infrastructure projects. Called the Frederick Sound Community Foundation, it’s essentially an endowment that’s invested with many other such funds around the state under the umbrella of the Alaska Community Foundation. The idea is to minimize administrative costs and maximize interest so the fund can award grants each year to local causes. The statewide Rasmussen foundation is encouraging the development of these community foundations by offering matching grants to help build start-up funds like the one in Petersburg. Matt Lichtenstein sat down with the Frederick Sound Community Foundation steering committee members Kris Norosz, Cindy Lagoudakis (log-uh-dock-us) and Sue Paulsen to find out more about how it will work:
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