The Space Foundation said Jan. 6 that it will remain headquartered in Colorado Springs, Colo., and move into a new 4,200-square-meter facility this summer paid for with $960,000 in charitable and state financial assistance.

“The Space Foundation is thrilled to be able to remain in our hometown,” the organization’s chief executive officer, Elliot Pulham, said in a statement. “The [Colorado Springs Regional Economic Development Corp.] and the generous donations from El Pomar and the Ackerman Fund underscore what a supportive and savvy business community we have here.”

The nearly 50-person Space Foundation bought its portion of the building that will serve as its new headquarters with the help of $610,000 from the El Pomar Foundation, a private foundation that supports Colorado nonprofits and oversees the Ackerman Fund. Another $350,000 came from the State of Colorado Economic Development Commission. The Colorado Springs Regional Economic Development Corp. helped locate the property and broker the real estate deal.

The Space Foundation’s new headquarters will be located in the Garden of the Gods high-tech corridor.