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Major Investment Advances Research Economic/Fiscal Policy and Expands Business Education

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Alumni, community partners and friends help make the University of Alaska the vibrant institution it is. 

“Northrim Bank’s dedication to Alaska is evident in its extensive engagement with the university,” said Tlisa Northcutt, interim president of the University of Alaska Foundation. “In addition to their generous financial contributions, we have benefited greatly from the active involvement of the bank’s leaders and employees on advisory and alumni boards, as well as the foundation board.” Northrim Bank is among many businesses statewide that employ UA alumni. 

A steadfast supporter of the University of Alaska system, Northrim Bank’s annual giving to UAA, UAF and UAS also includes funding for six community campuses where Northrim employees live and work: Sitka Campus (UAS), Ketchikan Campus (UAS), Kodiak College (UAA), Mat-Su College (UAA), Kenai Peninsula College (UAA) and Northwest Campus in Nome (UAF). Northrim Bank has two endowed scholarships at UA: one in memory of Chris Knudson, a founding executive, and one in honor of Northrim’s founder, Marc Langland.

In addition, Northrim Bank chose to provide a special For Alaska campaign gift of $150,000 to fund areas of UA that advance research on Alaska’s economy and fiscal policy, expand business education and build entrepreneurship capacity through the UAA College of Business and Public Policy Excellence Fund and the UAF College of Business and Security Management Student Support Fund. 

“Northrim Bank’s dedication to Alaska is evident in its extensive engagement with the university.”

Expressing gratitude, University of Alaska President Pat Pitney recognizes that Northrim Bank has been a dedicated partner for more than three decades with the UA system, investing in business education across each of the universities. “Private philanthropy is essential for the UA system to meet its mission, and Northrim’s strategic generosity has yielded educational excellence, scholarships and opportunities for students to study while staying close to home,” President Pitney said.

Relationships such as the one between UA and Northrim Bank demonstrate a “connection between the research, technical support and education provided by the University of Alaska system and the economic future of our state,” said Joe Schierhorn, chairman of Northrim Bank. “Higher education is the backbone of a strong community and Northrim is proud to support the work of the University of Alaska.”

"Growing up, my family was lower-middle class. I knew that if I wanted to go to college I would need to earn a scholarship unless I wanted to spend a very long time in debt the way my parents had to,” said Victoria Dugan, ’26, who is studying finance. Opportunities like those provided by Northrim make an incredible difference for students and future economic leaders.

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