NOK Shareholder Permanent Fund Trust & NOK Benefits Trust Logo Design Contest: 2 $500 Prizes Available!
On June 30th, 2018, voting Beneficiaries of the NOK Shareholder Permanent Fund Trust overwhelmingly approved the NOK Shareholder Permanent Fund Trust Restated Trust Agreement, which expands the Trustee’s authority (at their discretion) to provide additional Trust benefits to include Elder’s Benefit, Educational Benefit, Funeral/Burial Benefit and distributions.
On September 15th, 2018, NOK Shareholders overwhelmingly approved creation of the NOK Benefits Trust which allows provision of four different types of discretionary cash benefits: A Heritage Benefit, an Elder’s Benefit, and Educational Benefit and a Bereavement Benefit.
To celebrate Trust approvals, NOK is holding a logo design contest for both Trusts with contest rules as follow:
- Logo contest is open to all NOK Shareholders.
- Logo submissions must be received by the Natives of Kodiak office no later than January 7th.
- Logos must feature an Alutiiq theme.
- Logo designs do not need to be in “final” format (example, logo idea submitted in rough drawing will be finalized by a local Alutiiq artist- creativity is encouraged by ALL ages and abilities!).
- Final logo selections will be made by the NOK Board of Directors.
- Two $500 Contest Prizes to be awarded following Board selection(s), one for each logo.
Please contact the NOK offices with any questions you may have and GOOD LUCK!
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.
2019 Distribution Dates
2019 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.
NOK Board Member Margaret Agnguarta Roberts Receives Alaska Federation of Natives (AFN) Honor
Margaret Agnguarta Roberts received the 2018 Alaska Federation of Natives Hanna Paul Solomon “Woman of Courage” award for her lifetime commitment to heritage preservation. Roberts is a founder of the Kodiak Alutiiq dancers and was a member of the culture committee that first envisioned the Alutiiq Museum. She has devoted more than thirty years to promoting cultural education and preservation, as a dancer and through her service to numerous organizations. In addition to serving as a Director on the Natives of Kodiak Board of Directors, Roberts, who was born and raised in Kodiak is currently the chair of the Alutiiq Heritage Foundation, the organization that governs the Alutiiq Museum and serves on numerous boards and tribal councils.
We are pleased to announce that this year we have reached over $1,000,000 given out in scholarships!
NOK is celebrating 45 years!
A big thank you to everyone that has gotten us to where we are today!