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Shareholder Handbook About Afognak Native Corporation

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Shareholder Handbook About Afognak Native Corporation Shareholder Handbook About Afognak Native Corporation Afognak Native Corporation (Afognak) is an Alaska Native Corporation formed under the 1971 Alaska Native Claims Settlement Act (ANCSA) and through the 1977 merger of two Alaska Native village corporations: Natives of Afognak, Inc. and Port Lions Native Corporation. Alaska Native corporation shareholders are those Alaska Natives alive on December 18, 1971, who have documented their lineage to a respective region and village. Congress termed ANCSA enrollees “Shareholders,” although being an ANCSA Shareholder is truly more comparable to a tribal membership—it is a lifetime enrollment that cannot be bought or sold. Afognak represents and serves over 1,100 Shareholders who are descended from the Village of Afognak. As an Alaska Native corporation, Afognak is committed to meeting its economic, social, and cultural obligations to its Shareholders. It does so through revenue from Afognak Native Corporation, Alutiiq, LLC, and their subsidiaries. By providing benefits to Shareholders and strengthening Ag’wanermiut, “Afognak people,” the companies seek to empower every Shareholder and preserve the culture and heritage of the Alutiiq people. As an Alaska Native Corporation, it is Afognak’s responsibility to empower its Shareholders through access to tools, resources, and support, to be the very best in whatever they choose to be. To this end, Afognak offers several comprehensive Shareholder development programs that serve youth, college students, adults in career transitions, current and future employees, and Elders. Afognak Native Corporation formed Alutiiq, LLC in December 1999 as a wholly- owned subsidiary of Afognak under ANCSA. The business name “Alutiiq” honors the Indigenous people of Afognak Island, located in the Kodiak Archipelago in the Gulf of Alaska, and their descendants. Today, Afognak Native Corporation, Alutiiq, LLC, and their subsidiaries have over 5,000 employees in nearly all 50 states and several countries worldwide, providing a variety of contract services to the federal government and private business. In 1989, Afognak Board of Directors created the Shareholder Permanent Investment Fund (SPIF) to be able to pay dividends in perpetuity. Afognak Shareholders voted to form the ANC Shareholder Settlement Trust (SST) in 2006 and the Afognak Benefits Trust (ABT) in 2018 to provide Trust Beneficiaries distributions in perpetuity. Although SST and ABT are Trusts and are separate legal entities from Afognak Native Corporation, the Beneficiaries of SST and ABT are our Shareholders. The creation of the SST and the ABT allow most benefits to be distributed tax free to our Shareholders. Cover Photo: Barb Bundy, Shareholder Photo courtesy Heidi Kreske Photography Page i Corporate Values & Vision Mission & Purpose Statements Afognak Native Corporation, the SST, and ABT exist so that Shareholders and Beneficiaries will have a perpetual source of land use, shared financial and cultural wealth to an extent justified by resources available. The Corporation will provide social, cultural, and economic benefits to Shareholders by building a sustainable, growing enterprise. Afognak Vision Statement Grow sustainably to provide benefits today and invest in our future. Harmony Our Corporation accomplishes our Overarching Goals* in the spirit of teamwork, strength and unity while supporting each other. Appreciation & Respect Our Corporation will take only what we need and leave some for the next generation. Efficiency Our Corporation will expend only what is needed to accomplish the tasks at hand. Communication Communication of our Corporation is truthful, positive, open and fair. Trust We earn the trust of our Shareholders while we build trust throughout the Corporation by honoring commitments, honesty and full disclosure. Elder Knowledge Our Corporation is built on the ingenuity and resiliency of our Elders, while guided by their traditional knowledge and lifeways in our modern context. Heritage & Culture We honor our heritage and culture through lifelong learning of Alutiiq Values & traditions. Commitment to Community We celebrate Shareholders and employees by contributing to our villages and the communities in which we do business. * Fulfillment of Overarching Goals are reported in the Afognak Annual Report Page ii Table of Contents 01 02 Direct Financial Benefits Records Services Pages 1-2 Pages 3-4 • Financial Heritage Benefit - Distributions (SST) • Wills & Estate Settlements • Elder Benefit (ABT)* • Gift of Afognak Shares • Bereavement Benefit (ABT)* • Notary Public Service • Personal Finance & Investment Workshops* • Document Requests • Travel Discounts – Rental Cars & Hotels • Shareholder Information Changes • Shareholder Identification Records 03 04 Elections & Voting Outreach Page 5 Page 6 • Board of Director Eligibility Requirements* • Annual Meeting • Proxy Statement • Shareholder Information Meetings • Shareholder Voting* • Shareholder Surveys • Afognak Native Corporation Engagement 05 06 Communications Community Wellness Pages 7-8 Pages 9-11 • Annual Report • Afognak Center Banquet Hall Rentals* • Quarterly Newsletter • “We Care” Flowers • Shareholder Calendar • Elder-in-Training Workshops & Elders Potlucks • my.Afognak.com Web Portal • Afognak Family Picnic at Old Afognak Village • New Shareholder Orientation Packet • Dig Afognak ANC Shareholder Camp* • e-Blast News & Other Correspondence • Alutiiq Language & Culture Opportunities • Membership Opportunities NOTE: Benefits noted with an asterisk (*) have eligibility requirements, applications, or processes for award. Page iii Table of Contents 07 08 Education Scholarships Youth Career Development Pages 12-14 Page 15 • Youth Enhancement Program (YEP) (ABT)* • Future Leaders Summit* • Higher Education Program (HEP)* • High School Intern Program* • Career Enhancement Program (CEP) (ABT)* • College Intern Program* • Alaska Native Executive Leadership Program* • Other Scholarship Referrals* 09 10 Adult Career Development Economic Development Pages 16-17 Page 18 • R • Apprentice Program* • Artist & Retail Sales Booth Space at Meetings • Ataku Manager Program* • Business Development Referrals • Qualified Shareholder Hire Preference* • Community Advocacy & Forums • Training without Walls (TWOW) Workshops* • Shareholder Business Directory* • Office Clerical & Technology Access Services • Shareholder Employment Services 11 12 Lands & Harvest Services Notes Pages 19-20 Pages 21-22 • Afognak Island Hunting & Subsistence Program* • Elk Habitat Enhancement & Restricted Hunts* • 5-Acre Lease Program* • Joint Land Use Permit System NOTE: Benefits noted with an asterisk (*) have eligibility requirements, applications, or processes for award. Page iv 01 Direct Financial Benefits Financial Heritage Benefit Distributions from the ANC Shareholder Settlement Trust (SST) The ANC Shareholder Settlement value of the SST to $200M and Trust Trustees will decide the amount become financially independent to distribute to Beneficiaries twice a of government and commercial year (in the first and third quarter). business operations, while ensuring a In the Trustees’ review process, they minimum annual tax-free $200/trust will assess financial performance and unit distribution...for generations to set the distribution amount, taking come.” The SST is an irrevocable trust, into account annual contributions meaning that the monies cannot be from Afognak Native Corporation reverted back to the Corporation’s and investment performance over the operating budget, and can only past five years. benefit the Beneficiaries directly and provide tax advantages. In 2006, the ANC Shareholder Settlement Trust was created. Our current goal is “to increase the Elder Benefit from the Afognak Benefits Trust (ABT) Caring for Elders is a core Alutiiq cultural value. With the Elder Benefit program, we honor our Elders for their invaluable contributions to the Alutiiq people, Afognak, and community. In 2011, Afognak Native Corporation’s Board of Directors approved an Elder Benefit for all original Shareholders age 65 and older. This action was in response to a Shareholder survey in which 91% of respondents supported funding an Elder Benefit program. In 2019, the Board transferred the program to the ABT. All eligible Elder Beneficiaries receive a tax- free monthly benefit. Each year the “Them Afognak Guys” Mask by Perry Eaton Trustees determine the Elder Benefit distribution amount. Page 1 01 Direct Financial Benefits Bereavement Program from the ABT The ABT Bereavement Program provides assistance to families of Beneficiaries who are also original Shareholders during the most difficult time of their lives – while they are grieving. Families of an original Shareholder, who passes away, can receive up to $2,500 for assistance with funeral expenses. Once Shareholder Services receives the required documentation, funds can either be released to the funeral Abner & Betty Nelson’s Home in Afognak Village home or released to a family member Photo courtesy Afognak Staff as reimbursement of funeral expenses. See page 9 information on banquet hall. Personal Finance & Investment Workshops Starting in 2020, Afognak will host Personal Finance & Investment workshops in our four major Shareholder Meeting locations to strengthen personal finance skills and orient Shareholders to personal finance opportunities, such as: • Financial goal setting • Budgeting James Berestoff, Shareholder Photo courtesy Native Village of Afognak • Personal finance recordkeeping • Debt reduction strategies Travel
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