Distributions are payments made to Shareholders from the NOK Trusts. They are one of the primary benefits of being a Shareholder and are typically paid on a schedule determined by the Board of Directors.
Distributions can be sent by paper check or deposited directly into your bank account through direct deposit.
To enroll, complete a Direct Deposit Authorization Form in the myNOKilat.com Shareholder Portal or return it to Shareholder Services with your banking information.
Yes, you can update
your banking information by submitting a new Direct Deposit
Authorization Form. Changes must be received 10 days before
distribution processing deadlines to take effect for the current payment.
Your distribution will be mailed as a paper check to the address we have on file.
If you have not received your distribution after the announced payment date, please contact Shareholder Services at (907) 486-3606 so we can confirm your address or bank information and resolve the issue.
Distributions from both the Natives of Kodiak Shareholder Permanent Fund Trust and Natives of Kodiak Benefits Trust were nontaxable in 2024, and 1099s were not sent out for these distributions.
Shareholders who received prizes at events or from our quarterly distributions that amount to over $600 in a calendar year will receive a 1099 tax form from Natives of Kodiak.
Your Shareholder ID is a unique identification number assigned to you by Natives of Kodiak, Inc. It helps us confirm your Shareholder status and ensures your records are accurate.
Your ID may be required when voting in Shareholder elections (online, by proxy, or in person), accessing Shareholder-only events, livestreams, or portals, updating your contact information or Shareholder records, or requesting certain Shareholder services.
Your Shareholder ID number can be found in the Shareholder Portal at myNOKilat.com or call Shareholder Services at (907) 486-3606.
No. Your Shareholder ID is unique to Natives of Kodiak, Inc. and is not connected to your Social Security Number or any government-issued ID.
No, your ID is unique to you and should be kept confidential to protect your shareholder information.
A Stock Will is a legal document that tells NOK how you want your shares to be transferred when you pass away. It ensures your wishes are clearly recorded and honored.
Without a Stock Will, your shares will be distributed according to ANCSA law, which may not reflect your wishes. Having a Stock Will helps your shares pass smoothly to your chosen heirs, prevents disputes or delays, and ensures your family and descendants benefit from your shareholder status.
A regular will covers all of your assets, while a Stock Will is specific to your NOK shares. Even if you have a regular will, a Stock Will allows us to quickly and accurately process the transfer of your shares.
You may leave your shares to family members, descendants, or others of your choosing, as allowed under NOK’s policies and bylaws.
To complete a Stock Will, you will need to fill out the Stock Will form, have it notarized, and return to NOK Shareholder Services. Our Kodiak and Anchorage offices both offer free notary services for our Shareholder.
Yes, you may update or replace your Stock Will at any time by completing a new form. The most recent valid Stock Will on file will be followed.
No, because it is a company-specific document, your Stock Will is processed directly by NOK, which avoids the probate process for your shares.
If you do not have a Stock Will on file, the distribution of your shares will follow state probate law.
This may delay the transfer and could result in outcomes that are different from what you would have wanted.
The Shareholder Portal is a secure online platform where Shareholders can access important information, manage records, and stay connected with Natives of Kodiak, Inc.
Through the portal, you can view and update your contact information, verify your NOK income, check your Shareholder records, access forms and documents, track distributions, and receive announcements and updates.
You can log in to the Shareholder Portal by visiting myNOKilat.com and entering your login credentials. If you are a first-time user, you will need to register using your Shareholder ID and a valid email address.
If you forget your password, you can use the “Forgot Password” link on the portal login page. Follow the instructions to reset your password. If you need additional help, contact Shareholder Services at (907)486-3606.
If you forget your password, you can use the “Forgot Password” link on the portal login page. Follow the instructions to reset your password. If you need additional help, contact Shareholder Services at (907)-486-3606.
Yes, the portal is protected with secure login and encryption features to safeguard your information. Your account details and shareholder records are only accessible to you.
Yes, the Shareholder Portal can be accessed through most web browsers on desktop, tablet, and mobile devices.
If you have questions or experience issues, please contact Shareholder Services at (907) 486- 3606.
NOK Shareholders and registered Descendants
You are direct descendant of your parents, grandparents, and great-grandparents. You are not a direct descendant of your aunts, uncles, cousins, or siblings or other family members.
You can contact the Natives of Kodiak, Inc., office and receive assistance in this matter before applying for a scholarship.
Our scholarships were named after significant people in our Alutiiq community. You can find their biographies on our website. You apply for all of them with the same application and the scholarship committee determines who gets which ones.
If your trade school is a full year or multi-year program, apply through the Cecil Sholl Memorial Scholarship program. If you wish to go to a short- term training program (weeks or several months) apply through the Neil Sargent Career Development program. Applications are accepted all year for the Neil Sargent Career Development program, until funding (in a calendar year) runs out.
Once a calendar year, January 1 – December 31.
You can submit a paper application through the mail or hand deliver it to the NOK, Inc., office in Kodiak (215 Mission Road Ste 201, Kodiak, Alaska 99615). You can also fill out your application online through our website and email it to shareholders@nativesofkodiak.com, or you may fax your application to (907) 486-2745.
The applications are available on February 15 and close on April 15, regardless of the day of the week.
We do not accept late applications. They must be postmarked by April 15 or received in the office by April 15 (unless April 15 if it falls on a Saturday or Sunday, then the deadline is the first business day following April 15).
You may send a photocopy of your original (or state issued) birth certificate. The submitted birth certificate must include the names of your parents.
No.
Yes, if your course is offered through an accredited college or university.
Scholarship applicants will receive a letter, at the address listed on their application, by May 31.
The applications of those who did not receive scholarships are shredded after the selection process. Scholarship recipients’ information is kept in a paper file for three years after their awards. Other than publishing the names of scholarship recipients, we never share applicants’ personal information with any other entity for any reason.
Applicants can apply once a year for an unlimited number of years.
Absolutely. The scholarship committee evaluates applications on a variety of criteria, grades being only one of them.
