NOK is celebrating 45 years!
A big thank you to everyone that has gotten us to where we are today!
In 2002, the Board of Directors of Natives of Kodiak, Inc. (NOK) recommended creation of the NOK Shareholder Permanent Fund Trust (the “Trust”) to the shareholders of NOK with the purpose of promoting the health, education and welfare of Trust beneficiaries and preservation of the heritage and culture of Alaskan Natives through principal means of beneficiary distributions. On September 21, 2002, NOK shareholders overwhelmingly approved the creation of the Trust, by vote, at the 28th Annual Shareholders’ Meeting. In November of 2002, NOK’s Board of Directors elected to fund the NOK Shareholder Permanent Fund Trust with transfer of NOK shareholder assets. On December 28, 2002, NOK transferred assets with a market value of $14,113,272 to the Trust.
At year-end 2017, Trust balance had grown to $16,787,209, net of 2002-2017 total beneficiary distributions of $13,141,309.
The Trust is an independent legal entity organized under Alaska law and is governed by a nine-member Board of Trustees.
2018 Distribution Dates
2018 Distribution Change Deadlines
New direct deposit authorizations, or changes to existing authorizations, must be submitted to NOK six weeks prior to any regular distribution (see change deadlines above). Direct deposit authorizations received after the deadline will be processed for the next Trust distribution date. Direct deposit authorization forms may be downloaded or may be obtained by contacting the NOK office. Address changes and/or name changes are accepted up to two weeks prior to any regular distribution.