The Cordova Community Foundation officially became an Affiliate of The Alaska Community Foundation in January 2019. We focus on growing the Cordova Community Foundation Fund – an unrestricted, permanently endowed fund, that allows the most flexibility to determine how best to meet current and future community needs. We also grow the Cordova Community Foundation Operating Endowment Fund, which supports our sustainability into the future. The funds listed below are advised upon by the Cordova Community Foundation.
Gifts to the following funds are eligible for The Alaska Community Foundation and Rasmuson Foundation 1:1 match:
- Cordova Community Foundation Fund
- Cordova Community Foundation Operating Endowment Fund
Cordova Community Foundation Fund
This is our flagship granting endowment fund. The earnings from this endowment are used to award grants through a competitive grant cycle to local qualifying 501(c)(3) nonprofits. This flexible endowment meets the current needs of our community as they arise. These needs may address any number of issues, such as: social services, hunger, education, arts, and humanities, environmental, and youth services. As this endowment grows, so does our ability to support causes that Alaskans care about.
Cordova Community Foundation Non-Endowed Operating Fund
This is a non-endowed fund that we use for our short-term, operational needs.
Cordova Community Foundation Operating Endowment Fund
This is the vehicle for the CCF to become self-sustaining by growing a fund that is specifically designed to support our operations. The interest earned from this fund goes to support operating costs, such as: grant programs, newsletters, community events, office operations, marketing, and outreach. This fund is also used to sponsor training events for CCF and local nonprofit leaders. The Operating Endowment Fund is essential to achieving our mission and supporting our community.