# Rasmuson Foundation

Rasmuson Foundation is an Endowment / Foundation based in Anchorage, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Anchorage, United States
- **Region:** North America
- **Address:** 301 West Northern Lights Boulevard Suite 601, Anchorage, AK 99503, United States
- **Founded:** 1955
- **Assets under management:** 696 (Altss estimate)
- **Website:** rasmuson.org
- **LinkedIn:** https://www.linkedin.com/company/rasmusonfoundation

## Regulatory record

- **Reports private funds:** No

## About

The Rasmuson Foundation was established in 1955 by Jenny and Elmer Rasmuson. Elmer Rasmuson built the family fortune through National Bank of Alaska, which was sold in 2000. The endowment grew substantially from that transaction and now supports arts, health, housing, and economic development across the state. The foundation allocates across private equity, direct co-investments, and program-related investments. Confirmed holdings include positions in Cerberus Institutional Partners and Latash Private Fund. It also maintains real estate assets such as the Third Avenue Resource Hub land in Anchorage and the Latash Real Estate Fund. Activity is concentrated in North America, specifically Alaska. The organization employs 50 professionals and works through Latash Investments LLC as its investment advisor since 2005. It maintains an art collection distributed to Alaska museums and has funded the Anchorage Museum expansion. A recent operational event includes sponsorship of the Individual Artist Awards Ceremony in Anchorage in December 2025. The foundation operates with a hybrid structure that combines traditional grantmaking with direct investments and co-investments. Latash Investments, 100 percent owned by the family, manages the investment portfolio separately from the grant programs.

## Sectors

- Real Estate
- Philanthropy

## People

- Adam Gibbons — Board Chair
- Natasha von Imhof — Vice Chair
- Jay Gibbons — Secretary/Treasurer
- Cathryn Rasmuson — Director

## Questions

### Who runs investment decisions at Rasmuson Foundation?

Adam Gibbons serves as Board Chair and leads investment activities through Latash Investments LLC, the family investment advisor since 2005.

### Does Rasmuson Foundation participate in fund commitments or only direct deals?

The foundation uses both fund commitments and direct co-investments. It holds positions in Cerberus Institutional Partners and multiple private equity funds alongside direct real estate and program-related investments.

### What investment stages does Rasmuson Foundation typically target?

The foundation targets a balanced approach including buyout, growth, and early-stage opportunities through its private equity and direct investment programs.

### How is Rasmuson Foundation related to Latash Investments?

Latash Investments LLC serves as the foundation's investment advisor and is 100 percent owned by the Rasmuson family through Latash Inc.

### What is Rasmuson Foundation's known posture on co-investments alongside external GPs?

The foundation engages in direct co-investments and program-related investments, including a joint venture with Weidner Apartment Homes on Anchorage real estate.

## Related profiles

- [Charles County Pension Trust Funds](https://altss.com/profile/charles-county-pension-trust-funds)
- [Satori Capital](https://altss.com/profile/satori-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/rasmuson-foundation

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