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Profile Last Updated: 10/05/2021 Grant Information Last Updated: 10/22/2021

Rasmuson Foundation

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Purpose and Activities

The foundation is a catalyst to promote a better life for Alaskans.


Established in 1955 in AK - Founded by Jenny Rasmuson under a declaration of trust in May of 1955 to honor her late husband, "E.A." Rasmuson. The Rasmuson family moved to Skagway Alaska when E.A. became U.S. Commissioner for that city. E.A. Rasmuson assumed leadership of the Bank of Alaska in 1918 in the midst of the financial disruption caused by World War I. Jenny Rasmuson served on the board of directors of the growing bank and shared her husband's dreams for Alaska. Together, they promoted the growth of the Territory and the development of its rich natural resource potential. E.A. Rasmuson died in 1949 and left the bank to his son, Elmer. Elmer was involved in the foundation from its modest beginnings and became the driving force behind its growth. When he died in Dec. 2000 at age 91, he left his personal fortune of more than $400 million to charity, much of it to the family foundation. Following the death in 2012 of Mary Louise Rasmuson, additional funds were received by the foundation.


Rasmuson Foundation

Family foundation




301 W Northern Lights Blvd No 601 Anchorage, AK United States 99503

Contact Information