The Foundation, funded by Usibelli Coal Mine, aims to grow its asset base and annual investment income to provide sustained support for local non-profit organizations. Since its inception in 1991 with a $1 million endowment from Usibelli Coal Mine, the Foundation focuses on supporting the community through its contributions.
The Usibelli Foundation grants program is designed to support a broad range of initiatives that benefit local communities. It has a commitment to funding projects across several areas, including education, health and social services, youth programs, the arts, and civic organizations and activities. This focus reflects the Foundation’s dedication to fostering a well-rounded, healthy, and thriving community.
The foundation prioritizes initiatives that enhance educational learning opportunities, protect the distinctiveness of Alaska by upholding its cultural heritage, and bolster community development.