Frequently Asked Questions - Deishú Memorial Fund

Q: Is it true that Sealaska now has a burial benefit program?
A: Sealaska directors authorized the establishment of a Shareholder Bereavement Benefit program at the May 7, 2018 board meeting. The program is officially called Deishú Memorial Fund.

Q: To be eligible for the Deishú Memorial Fund, do you have to own shares?
A: The Deishú Memorial Fund is available to original shareholders, whether they currently have shares or have gifted the shares. In addition, shareholders who own voting shares are eligible for the benefit.

Q: Do Sealaska shareholders have to live in Alaska to be eligible to apply for the Deishú Memorial Fund?
A: No

Q: How much does the Deishú Memorial Fund offer shareholders?
A: Deceased original shareholders, regardless of current share ownership, would receive a $1,000 payment from the Deishú Memorial Fund. All other deceased shareholders would receive a payment from the Deishú Memorial Fund based on the number of voting shares that they possess at the time of death:

1-25 shares
$250
26-50 shares
$500
51-75 shares
$750
76 shares or more
$1,000

Q: When will the Deishú Memorial Fund begin taking applications?
A: The effective date of the Deishú Memorial Fund is Monday, May 7, 2018. Sealaska will begin accepting applications on Monday, June 25, 2018, for those shareholders who pass away on or after May 7, 2018.

Q: Who will receive payments from the Deishú Memorial Fund?
A: Payment will be made either to the deceased shareholder’s estate or to the mortuary with appropriate documentation.

Q: What type of documentation may be required to apply on behalf of a deceased shareholder?
A: While the process is still under development and refinement, Sealaska will require a completed application, as well as a copy of a death certificate or a letter from a funeral home.