The Alaska Permanent Fund Corporation (APFC) was created by the Alaska Legislature in 1980 as a quasi-independent state entity tasked with the important mission of prudently investing and managing the assets of the Alaska Permanent Fund. As one of the first sovereign wealth funds, and the largest state-level fund of its kind in the United States, the Alaska Permanent Fund (Fund) has gained world-wide recognition as a model for converting a non-renewable natural resource into a renewable financial resource.
The successful stewardship of the Fund, one of Alaska’s treasured resources, is founded on the shared commitment of the APFC Board of Trustees and Staff to diligently protect the Fund’s Principal, while simultaneously striving to outperform its peers in up and down markets.
APFC is fortunate to have such talented, dedicated, and innovative team members comprised of highly accomplished professionals in the fields of investment management, accounting, IT, and administration. From managing investments of a multi-billion dollar Fund, to executing complex operational and administrative tasks, each staff member plays an essential role in carrying out APFC’s important mission.
The Alaska Permanent Fund Corporation, as the name implies, applies a long range investment vision for Alaska. APFC’s guiding principles outline our commitment to act honorably and respectfully, in order to earn the enduring professional trust and confidence of our peers and of those we serve. In our service to Alaska and our partners around the world, APFC is united in our shared values of Integrity, Stewardship, and Passion.
FAQs
WHO WE ARE. APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, such as the Alaska Mental Health Trust Fund.
Who owns Alaska Permanent Fund? ›
The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC).
Who gets the Alaska Permanent Fund? ›
What are the eligibility requirements for the dividend program? To be eligible for a PFD, you must have been an Alaska resident for the entire calendar year preceding the date you apply for a dividend and intend to remain an Alaska resident indefinitely at the time you apply for a dividend.
How much is the Alaska Permanent Fund check? ›
2023 DIVIDEND AMOUNT
The 2023 Permanent Fund Dividend amount was $1,312.
Do you pay taxes on Alaska Permanent Fund? ›
Even if part or all of your dividend was garnisheed, the entire amount of the dividend must be reported as taxable income. If you fail to report the PFD on your federal income tax return, a negligence penalty or other sanctions may be imposed on you. The 2023 Permanent Fund Dividend (PFD) amount is $1,312.
Where is Alaska Permanent Fund headquarters? ›
APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, such as the Alaska Mental Health Trust Fund.
Who is the director of the Alaska Permanent Fund? ›
Deven Mitchell serves as the Executive Director and Chief Executive Officer of the Alaska Permanent Fund Corporation.
Do you get $1000 for living in Alaska? ›
Oil and mining revenues go into the state-run fund, which distributes an annual sum (usually between $1,000 and $1,500) to all Alaska residents. It's a smaller check than the others on this list, but you'll continue to receive it for as long as you live in the state.
Do Alaskans still get money for living there? ›
Alaska doesn't offer incentives for people to relocate there, but it does give money to everyone in the state via the Permanent Fund Dividend. Every resident receives a portion of the state's oil revenue each year. The amount of the PDF for 2023 was $1,312.
How much money do Alaska Natives get from the government? ›
Alaska residents have been receiving annual dividend payments from the state's Permanent Fund for 41 years, but the 2022 payout is one of the largest in history. Every resident received $3,284 this year, with most payments issued in September and October.
To qualify for the $1,312 stimulus check in August 2024, applicants must meet the following criteria: Residency: Be an Alaska resident for the entire 2023 calendar year. Application: Submit your application to the Alaska Department of Revenue by August 7, 2024.
Do Alaskans get a monthly check from the government? ›
Not everyone living in Alaska automatically gets the check, though. You must meet the PFD criteria, which include being Alaskan residents for the full year with plans to stay in the state permanently.
Do children get Alaska Permanent Fund? ›
A child must have an eligible sponsor's application on file before a dividend payment will be issued. Each child application may have only one sponsor. Child applications can be filed online or by paper. A child application can be electronically signed with the sponsor's myAlaska account.
What is the purpose of the Alaska Permanent Fund? ›
United States. The Alaska Permanent Fund was created by the people of Alaska in 1976 as a way to save a portion of the state's oil revenues for the needs of future generations. It uses oil royalties to make investments in bonds, stocks, real estate, infrastructure, and private entities.
How big is the Alaska Permanent Fund? ›
Exact year-end figures were not yet available on Wednesday, but as of May 31, the Permanent Fund's total fund balances stood at just under $76.1 billion. On the same date in 2022, they were $79.5 billion.
Is Alaska PFD monthly or yearly? ›
A. Background. The Alaska Permanent Fund Dividend (PFD) is an annual payment to residents of the State of Alaska. The State of Alaska funds the payment with interest on oil revenue earned by the State.
Who owns the most private land in Alaska? ›
History. Doyon is the largest private landowner in Alaska managing over 12 million acres of surface and subsurface ownership across Interior Alaska. Our region has the longest border with Canada, borders six other Alaska Native Corporation regions, has the longest rivers, and the largest number of roads.
Where does the PFD money come from? ›
The Alaska Permanent Fund is an investment fund that invests capital that originates from surplus revenue obtained from Alaska's oil and gas reserves. The fund, which is a sovereign wealth fund, pays out annual dividends to every eligible citizen of Alaska.
What is the projection for the Alaska Permanent Fund? ›
Department of Revenue Releases Spring 2024 Revenue Forecast
The Permanent Fund is set to transfer $3.5 billion to the General Fund for FY 2024 and $3.7 billion for FY 2025, respectively. These amounts include funds that are available for general government spending and annual payment of dividends to Alaskan residents.
