Sealaska Board Adds $25 Million to Shareholder Permanent Fund
Thursday, May 26, 2022

In April, the Sealaska board approved a resolution to add $25 million in earnings from Sealaska’s carbon sequestration program to the Marjorie V. Young Shareholder Permanent Fund. The $25 million addition brings the balance of the fund to more than $175 million. The addition will help provide stability to distributions from the fund if shareholders approve the 2022 proxy resolution to eliminate the blood quantum requirement for enrollment, which will result in thousands of newly eligible shareholders.

“It seems fitting for our carbon program, which is operating on a 100-year timeline, to contribute to long-term distribution stability for current and future generations,” said Sealaska President and CEO Anthony Mallott.

In the April 2022 distribution, $1.01 per share of the distribution or $2.6 million of the $21.3 million total came from the MVY fund. Sealaska’s distributions are calculated based on an established formula. The MVY portion of each distribution is based on a percentage of the market value of the fund — up to 4% for the year. Adding to the fund increases the amount that can earn interest and income when invested in the market, although results fluctuate based on the overall economy.

Latest News


Resolutions passed, incumbents and new directors elected at 51st annual meeting in Sitka  

Posted 6/29/2024
A majority of Sealaska’s 26,000 shareholders voted to approve two resolutions at the 51st annual meeting of shareholders in Sitka on Saturday. Resolution One, a binding resolution to update outdated language in the corporation’s Articles of Incorporation, passed with, 70.77% of the outstanding voting shares represented at the meeting voted in favor. 61.49% of the outstanding voting shares… Source

Early Bird Prize Winners

Posted 6/17/2024

Early birds, it’s your time to fly! Congratulations to our 2024 winners.


Derik Frederiksen to support Sealaska’s continued in-region investment in position as Vice President of Regional Business Development

Posted 5/6/2024
Frederiksen shares in Sealaska’s vision for the region: a thriving future for Southeast Alaska. Derik Frederiksen believes in the people of Southeast Alaska — and with this belief comes excitement about the future of both people and place. With over 20 years of experience serving Sealaska’s operations in the region and beyond, his energy, ideas and on-the-ground insight will serve to catalyze… Source

Sitka Clan Houses Nominated for National Recognition on Historic Preservation Lists

Posted 5/2/2024
Sitka Indian Village and its Clan Houses proudly announce their nomination for prestigious national and statewide historic preservation lists. The nominations include recognition on the National Trust’s “11 Most Endangered Historic Places” and the Alaska Association of Historic Preservations’ “10 Most Endangered Historic Properties.” Sitka Indian Village, first built in the 1820s… Source

Community Meeting Information

Posted 5/1/2024

Sealaska shareholders are invited to join us at our upcoming in-person and virtual community meetings to learn more about Sealaska business operations, upcoming opportunities and connect with fellow shareholders and descendants.