Fairbanks company helps nonprofits find funding sources

Posted: Monday, June 09, 2003

FAIRBANKS - A Fairbanks company that helps nonprofits find funding sources helped Bush communities last year raise at least $12 million for computers, after-school programs and even a multipurpose building.

The 5-year-old company, Grant Station, provides an online database of 3,000 to 4,000 potential funders. Clients pay $599 a year for access to the information, according to the Fairbanks Daily News-Miner.

The Denali Commission, created at the urging of U.S. Sen. Ted Stevens to funnel federal money to the Bush, bought 300 rural communities one-year memberships to the service last year.

Grant Station President Cynthia Adams said about 200 have chosen to renew and pay half the membership fee while the Denali Commission pays the other half.

Adams started the company as an offshoot to Alaska Funding Exchange, a company now based in Juneau, which she established 14 years ago to research and write grants for nonprofit organizations.

"We had collected so much information ... that we decided to create an online database," Adams said of the evolution to Grant Station, which is located at the Campus Corner Mall. The company employs seven people.



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