New initiative will help disperse money to charity, funds

The Alaska Community Foundation, or ACF, was established 15 years ago to support individual philanthropy, corporate grants, scholarships and organizational endowments across the state.

Today the program is expanding to incorporate a new program than can assist communities.

The Community Asset Building Initiative allows communities to set up boards and disperse donations or endowments to local charities or funds.

The ACF program awarded 375 grants in 44 communities statewide totaling 5.2 million in 2010.

Representatives were in Fairbanks today to invite community members to become participants in this foundation.

Candace Winkler, President and CEO for the Alaska Community Foundation, said in Fairbanks today that this could be a good way for locals to give back to their community through donations.

"Well, that benefits the community by creating almost like mini 'permanent funds,' permanent assets that the community has at its disposal, to work on quality of life issues, and to make grants back to non-profits in the community. Or, to address issues or challenges that come up in the community."

If you are interested in being a part of this foundation or have further questions, contact ACF at alaskaacf.org.