The Palmer Community Foundation formed in 2018 as an Affiliate of The Alaska Community Foundation. Since our inception, we have focused on growing the Palmer Community Foundation Fund – an unrestricted, permanently endowed fund, that allows the most flexibility to determine how best to meet current and future community needs. The funds listed below are advised upon by the Palmer Community Foundation Advisory Board.
- Palmer 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.
- Palmer Community Foundation Operating Endowment Fund – This is the vehicle for the PCF 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 PCF and local nonprofit leaders. The Operating Endowment Fund is essential to achieving our mission and supporting our community.
- Palmer Community Foundation Non-Endowed Operating Fund – This is a non-endowed fund that we use for our short-term, operational needs.