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Sep 29, 2016
Posted Under: Foraker News

Sultana is a separate LLC owned and operated by Foraker and run as one of our shared services. Our purpose is to incubate new ideas, projects or organizations. Sultana was formed by the Foraker Governance Board three years ago and has incubated several projects and organizations since that time. We now have capacity to bring new projects into Sultana.

As a little background – Sultana is the Athabascan name for Mt. Foraker. It offers two interdependent services, fiscal sponsorships and a shared employment relationship, for emerging projects or organizations that need time to determine their next steps.

Sultana is an opportunity to nurture a good idea, house initial staff, and provide the stability that funders need to make initial investments. Working within Sultana, organizational leaders can focus on mission rather than creating a business infrastructure. This solution is not a long-term strategy. Instead, it allows an idea to germinate until it is ready to truly grow into its own structure, or merge into something else, or stop.

Sultana services are available to organizations for no more than five years. Participating organizations must be registered with the state of Alaska.

For more information, click here, or contact Foraker Vice President/CFO Raju Shankar at rshankar@forakergroup.org, or 907-743-1200.