More Than $4 Million Available through Municipality of Anchorage Nonprofit Relief Grant Program
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Applications opened for the Municipality of Anchorage’s Nonprofit Relief grant program at noon on Monday, October 19, 2020.
The grant program will make available more than $4 million of CARES Act funds to eligible nonprofits and $50,000 from the Rasmuson Foundation that will be dedicated to arts and culture nonprofits. Cook Inlet Lending Center (CILC) will process applications for this grant program and distribute the funds.
$2.5 million of the grant program will be set aside for general nonprofits, while $1.5 million of the grant program will be set aside for arts and culture nonprofits. Qualified applicants will be eligible to receive grants of $7,500, $15,000, or $30,000 depending on the recipient’s gross revenue.
The grants may be used to cover costs of operational interruptions caused by the COVID‐19 pandemic and local emergency orders, including loss of income, additional expenses incurred to protect staff and clients, and the cost of expanding critical charitable services to address the direct impacts of the COVID-19 pandemic.
Current Issue
May 2024
Nonprofits are eligible if they have been harmed by the COVID-19 pandemic, and
- They have been in operation in the Municipality of Anchorage since at least January 1, 2019;
- They provide charitable services or perform charitable work that benefits Anchorage residents, organizations, or businesses;
- They have 501(c)(3), 501(c)(6), or 501(c)(19) status, as verified by a formal determination letter from the IRS.
In addition to the above criteria, arts and culture nonprofits must fit within the following definition of arts or cultural organizations: An arts organization is a nonprofit with a primary purpose to produce or promote arts events, projects, or services. A cultural organization is a nonprofit with a primary purpose to engage in the promotion or preservation of cultural identities, histories, and traditional practices. Those entities that received relief funding as one of the Culture Pillars identified by the Anchorage Assembly, are not eligible for this round of funding.
Applications will be accepted until 5 p.m. on Friday, October 30, 2020. Applications and more information can be found on the Cook Inlet Lending Center (CILC) website.
Making History
The track of oil and gas development in Alaska shows the footprints of bold companies and hard-working individuals who shaped the industry in the past and continue to innovate today. The May 2024 issue of Alaska Business explores that history while looking forward to new product development, the energy transition for the fishing fleet, and the ethics of AI tools in business.