Matanuska Valley Federal Credit Union Charitable Foundation
Matanuska Valley Federal Credit Union Charitable Foundation is a private foundation, based in Palmer, AK. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $138K in total assets. In 2025, it awarded 4 grants totaling $55K. Net investment income was $895.
Matanuska Valley Federal Credit Union Charitable Foundation at a glance
In short: Matanuska Valley Federal Credit Union Charitable Foundation gave $55K across 4 grants in 2025 (avg $14K), mostly in Alaska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $54,900
- Grants made (2025)
- 4
- Average grant
- $13,725
- Median grant
- $9,950
- Total assets
- $137,869
- -5.8% vs 2024
- Primary geography
- Alaska (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Matanuska Valley Federal Credit Union Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Hatcher Alpine Xperience ($30K). Together the top 4 received $55K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Matanuska Valley Federal Credit Union Charitable Foundation gives
- In 2025 it paid out 738% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 4 grants totaling $55K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hatcher Alpine Xperience Palmer, AK | Support for outdoor recreation and community programs. | $30,000 |
| ME 2 WE Inc Palmer, AK | Support for community recreation and wellness programs. | $10,000 |
| Big Lake Community Council Big Lake, AK | Support for community programs and activities. | $9,900 |
| American Red Cross of Alaska Anchorage, AK | Disaster relief for communities impacted by AK storms. | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $137,869 | $50,895 | $59,386 | $54,900 | 4 | $59,386 | $895 | $8,050 |
| 2024 | $146,360 | $147,593 | $1,233 | — | — | $1,233 | $155 | $1,799 |
Under IRS private-foundation payout rules, Matanuska Valley Federal Credit Union Charitable Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Matanuska Valley Federal Credit Union Charitable Foundation is led by Chad Ritchie, President on the 2025 filing; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Chad Ritchie
President
New on the 2025 filing
1 hr/week
No compensation reported
Angela Hobbie
Director
On filings since 2023
1 hr/week
No compensation reported
Karen Foster
Director
On filings since 2023
1 hr/week
No compensation reported
Tia Burgess
Director
On filings since 2023
1 hr/week
No compensation reported
Brian Headdings
Director
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: Craig Pavlich (2023–2024) — Director
- Former: Ed Gravley (2023–2024) — Director
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Matanuska Valley Federal Credit Union Charitable Foundation
How much does Matanuska Valley Federal Credit Union Charitable Foundation give each year?
Matanuska Valley Federal Credit Union Charitable Foundation gave $55K across 4 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Matanuska Valley Federal Credit Union Charitable Foundation's typical grant size?
Matanuska Valley Federal Credit Union Charitable Foundation's median grant in 2025 was $9,950, and its average grant was $13,725, across 4 grants on its 2025 IRS Form 990-PF.
Where does Matanuska Valley Federal Credit Union Charitable Foundation give grants?
Matanuska Valley Federal Credit Union Charitable Foundation gives mostly in Alaska: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Palmer, AK (2 grants).
Does Matanuska Valley Federal Credit Union Charitable Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Matanuska Valley Federal Credit Union Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is Matanuska Valley Federal Credit Union Charitable Foundation?
Matanuska Valley Federal Credit Union Charitable Foundation reported $138K in total assets on its 2025 IRS Form 990-PF. It paid out $59K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is Matanuska Valley Federal Credit Union Charitable Foundation's EIN?
Matanuska Valley Federal Credit Union Charitable Foundation's EIN (Employer Identification Number) is 99-4228254. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2023 (received by the IRS August 19, 2026)
- Added Form 990-PF for fiscal year 2024 (received by the IRS August 21, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 21, 2026)
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