The Rasmuson Foundation announced the largest grant in its history on Monday: $12 million to help pay for a major expansion at the Anchorage Museum.
Construction of a new wing is scheduled to begin this year and end by the autumn of 2017. The new space will accommodate items from the museum's permanent collection, a patrons' lounge and room for changing exhibits.
The full cost of the project has previously been reported as $17.5 million. The press release said that the grant funds will be matched by members of the Rasmuson family.