Safety
Alaska's Medallion Program To Shutter
The foundation cited funding shortfalls and concerns that its programs are poised to create potential liability issues for participants.

The Medallion Foundation, which was established in 2001 to foster aviation safety in Alaska, is closing its doors, citing funding shortfalls and concerns that its programs are poised to create potential liability issues for participants. Funded largely through government grants originally thanks to the late Alaskan Sen. Ted Stevens, the Medallion Foundation hosts a range of safety programs for Alaska fixed- and rotary-wing aircraft operators and cruise ships.