# The Alaska Community Foundation

The Alaska Community Foundation is an Endowment / Foundation based in Anchorage, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Anchorage, United States
- **Region:** North America
- **Address:** Anchorage, AK, United States
- **Founded:** 1995
- **Assets under management:** Over $200M in assets (Altss estimate)
- **Website:** alaskacf.org
- **LinkedIn:** https://www.linkedin.com/company/the-alaska-community-foundation

## Regulatory record

- **Reports private funds:** No

## About

The Alaska Community Foundation formed in 1995 to connect philanthropic donors with causes across the state. Alexandra McKay, previously with the Rasmuson Foundation and Casey Family Foundation, joined as President and CEO to oversee a structure built on permanent endowments and strategic grant options. The foundation is accredited under the National Standards for Community Foundations by the Council on Foundations and operates as part of the Philanthropy Northwest regional network. ACF deploys capital across a mix of asset classes that includes private equity (early-stage, expansion, and buyout), secondaries, natural resources, and real estate. Known holdings include the BP Energy Center at 900 E Benson Blvd in Anchorage and parcels of undeveloped Alaskan land. The foundation partners with major corporate donors such as Hilcorp Alaska and BP, and receives significant backing from the Rasmuson Foundation on co-funded initiatives. Geographic coverage concentrates entirely on Alaska, delivered through a central Anchorage office and a distributed network of community foundations. The investment function operates segregated pools: a Long Term Investment Pool, a Short Term Investment Pool, and an ESG-focused Investment Pool, all managed from Anchorage. The foundation maintains professional network ties with the Anchorage Chamber of Commerce and participates in Council on Foundations programs. In addition to grantmaking, the entity holds physical assets like the Silver Salmon Camp and parcels of land held for resale, reflecting a balance-sheet approach that integrates philanthropy with tangible asset ownership. Unlike a typical grantmaking foundation, ACF embeds direct real asset and private equity exposure within its investment pools, while its affiliate foundation model distributes spending authority across geographically distinct boards. Each affiliate — from the Chilkat Valley Community Foundation to the Sitka Legacy Foundation — raises and allocates its own funds under ACF's umbrella, producing a decentralized governance structure that is rare among statewide community foundations.

## Sectors

- Philanthropy
- Real Estate
- Natural Resources
- Private Equity

## People

- Alexandra McKay — President and CEO

## Questions

### Who runs investment decisions at The Alaska Community Foundation?

The foundation's investment function is overseen by the Anchorage-based leadership team under President and CEO Alexandra McKay. The organization maintains three distinct investment pools — long-term, short-term, and ESG-oriented — that allocate across private equity, natural resources, and real estate. Specific committee or board investment-delegation structures are not publicly disclosed.

### Is The Alaska Community Foundation solely a grantmaker, or does it invest directly?

The foundation is more than a pure grantmaker. Its balance sheet includes direct real estate holdings like the BP Energy Center in Anchorage, undeveloped Alaskan land parcels, and private equity exposures across early-stage, expansion, and buyout strategies. This direct-investment posture distinguishes it from community foundations that allocate entirely through external managers.

### What is the geographic scope of ACF's activities?

All grantmaking and investment activity is concentrated within Alaska. The foundation delivers capital through seven geographically defined community affiliates, including the Chilkat Valley, Golden Heart, Kenai Peninsula, Kodiak, Palmer, Seward, and Sitka Legacy Community Foundations. No international or outside-of-state allocation programs are documented.

### How is The Alaska Community Foundation related to the Rasmuson Foundation?

The Rasmuson Foundation is a key business partner and co-funder, having played a central role in establishing ACF's affiliate network. The relationship involves joint philanthropic initiatives but the two foundations remain separate legal entities with independent governance. Alexandra McKay previously worked at Rasmuson before joining ACF.

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- [St. Mark's School of Texas](https://altss.com/profile/st-mark-s-school-of-texas)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/the-alaska-community-foundation-acf

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