Funds

The Petersburg Community Foundation formed in 2008 as an Affiliate of The Alaska Community Foundation. Since our inception, we have focused on growing the Petersburg Community Foundation Fund – an unrestricted, permanently endowed fund, that allows the most flexibility to determine how best to meet current and future community needs.

Beginning April 1, 2019, the Petersburg Community Foundation launches their new 5% for Sustainability model, which states that 5% of all donations to the Petersburg Community Foundation’s main Endowment Fund will now support the Petersburg Community Foundation’s Operating Endowment. Through this change, all donors to the Petersburg Community Foundation will help with the long-term sustainability of PCF. Thank you!

The funds listed below are advised upon by the Petersburg Community Foundation advisory board.

  • Petersburg 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.
  • Petersburg 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
  • Petersburg Community Foundation Non-Endowed Operating Fund – This is a non-endowed fund that we use for our short-term, operational needs.
  • WAVE Endowment – This endowment fund supports the activities of WAVE – Working Against Violence for Everyone – a nonprofit organization that provides support and advocacy for victims of domestic violence and sexual assault in the greater Petersburg community.

 

Photo Credit: Ricardo J. Lopez