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Rasmuson Foundation to Invest $900k in Rural, Minority Education

Funds from Bill & Melinda Gates Foundation will be used to promote college success

ANCHORAGE - Rasmuson Foundation today announced that it has received a $900,000 grant from the Bill & Melinda Gates Foundation to support educational programs for low-income and minority populations in Alaska. These funds will be invested by Rasmuson Foundation over the next two years in organizations that promote college readiness and support postsecondary success for rural and minority students.

Rasmuson Foundation has invested more than $24 million in education, supporting projects as diverse as small capital grants, facility development and renovation, the creation of academic chairs, and expansion of replicable models for increasing educational outcomes.

Rasmuson Foundation President Diane Kaplan said, "Today's investment will enable the Foundation to both advance Alaska programs with proven track records and test some new ideas that have been percolating amongst our partners. We thank the Gates Foundation for its support and are thrilled to undertake this work."

The funds will be distributed to organizations and projects selected by Rasmuson Foundation. Unsolicited proposals are not being accepted.

To date, the Gates Foundation has invested more than $5 billion in education reform efforts, helping to provide young people in America the opportunity to graduate college-ready and earn a degree beyond high school with real value in today's job market.

The Rasmuson Foundation seeks to ensure that students emerge from high school ready for postsecondary study, and that minority students in Alaska have the opportunity to improve their quality of life through education.

About the Foundation
The Rasmuson Foundation was created in May 1955 by Jenny Rasmuson to honor her late husband "E.A." Rasmuson. Through grantmaking and initiatives, the Foundation is a catalyst to promote a better life for all Alaskans.

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