MTA Foundation Inc is a 501(c)(3) private grantmaking foundation based in Palmer, Alaska. Established in June 2001, the organization invests in its community through scholarships, grants, and donations to strategically empower Alaskan businesses and organizations with technology and resources needed for success.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$346K
+9.4% YoY
Annual Giving
$255K
+2.1% YoY
Grant Count
66
+4.8% YoY
Avg Grant Size
$4K
-2.5% YoY
Mission & Focus Areas
The MTA Foundation's mission is to pioneer a more robust and connected community by investing in local students and organizations. The foundation prioritizes:
- Education (23%) – Academic scholarships and educational initiatives
- Civic (35%) – Community support and civic engagement
- Technology (15%) – Strategic technology empowerment for businesses and organizations
- Youth (4%) – Youth-focused programs and development
- Seniors (5%) – Senior-focused initiatives
- Sports (3%) – Sports programs and facilities
The foundation also supports specific initiatives including the UAA Summer Engineering Academy, Hatcher Alpine Xperience, veteran's yoga programs, and honor flight photo books for veterans and guardians.
Grantmaking
The foundation's annual scholarship program supports students pursuing technological, business, and entrepreneurial skills. Eligible applicants include first-time college students, returning students, vocational program participants, homeschool students, and those pursuing professional development leading to degrees or certifications.
Grant Range
$250–$34,000
Average Grant
amount varies by program
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and individuals in Alaska, with a particular focus on the Matanuska-Susitna Borough region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Year (2024):
- Total Assets: $345,835
- Total Revenue: $303,707
- Total Expenses: $268,678
- Total Giving: $254,647
- Giving Rate: 89.1%
Previous Year (2023):
- Total Assets: $316,093
- Total Revenue: $319,678
- Total Expenses: $260,108
- Total Giving: $252,370
Funding Sources: The foundation is funded through multiple channels:
- MTA Gaming's annual esports tournament (Alaska's largest esports event), which raised nearly $60,000 over two years with 100% of sponsorship donations directed to the foundation
- MTA employee donations
- Member capital credit donations
- General public donations
- Capital credits from former members
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $345,835 | $316,093 | $250,386 |
| Revenue | $303,707 | $319,678 | $314,969 |
| Expenses | $268,678 | $260,108 | $266,896 |
| Qualifying Distributions | $269,475 | $252,370 | $266,075 |
| Net Investment Income | — | — | $26 |
| Distributable Amount | $24,325 | $20,944 | $20,244 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
244 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jonathan Babbitt – President
- Stephanie Berta – Vice President
- LaMarr Anderson – Board Secretary/Treasurer
- Roxanna De Mayberry – Director (through January 2023)
- John Warner – Director
- EJ McCrea – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAMARR ANDERSON | BOARD SECRETARY/TREASURER | 1 | — |
| JONATHAN BABBITT | PRESIDENT | 1 | — |
| STEPHANIE BERTA | VICE PRESIDENT (THRU 11/24) | 1 | — |
| JOHN WARNER | VICE PRESIDENT | 1 | — |
| EDSEL MCCREA | DIRECTOR | 1 | — |
| ANDREW TROTTER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The MTA Foundation regularly opens its scholarship application period annually, with recent cycles including the 2022 application period (deadline March 23, 2022). The foundation continues to expand its grantmaking portfolio, awarding grants to diverse organizations supporting education, civic engagement, technology adoption, and community development throughout Alaska.
M&T CHARITABLE FOUNDATION: REQUESTS FOR PROPOSALS FOR FINAL ROUND OF $25Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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