Koniag, Inc. is one of 13 regional Native corporations established by Congress in 1971 under the terms of the Alaska Native Claims Settlement Act (ANCSA). ANCSA settled the aboriginal land claims of Alaska Native people by conveying land and seed capital to Native for-profit corporations representing various geographic regions of the state.
Koniag’s original share of the ANCSA settlement was $23 million, 800 acres of land and the “subsurface estate” of approximately 900,000 acres. Koniag was incorporated on June 23, 1972, to manage the land and financial assets on behalf of the corporation’s approximately 3,800 Alutiiq shareholders who originated from the Kodiak Archipelago. The corporation’s headquarter office is located in Kodiak, Alaska with an office in Anchorage, Alaska.
Koniag’s approach to business has evolved to meet new challenges, expanding opportunities and the needs of its shareholders. The corporation’s investments range from real estate holdings, resource development and business operations that include oversight of over a dozen subsidiaries.
The Koniag Board of Directors is dedicated to preserving the culture and land for future generations by keeping our businesses profitable to provide benefits such as dividends, education/employment opportunities, and a source for culture information to current and future shareholders.
TAXABILITY OF DIVIDENDS
With tax filing season at hand, one of the recurring questions we get in the Shareholder Department is
about 1099 Forms. In the past Koniag has not issued 1099‐DIV forms to Shareholders when dividends
were determined to be non‐taxable. That is again the case for 2015.
Koniag is issuing the [...]more
Updated with new presenter.
Presenters are Pat Pitney with the State of Alaska, Diane Kaplan with the Rasmuson Foundation and Greg Chapados with GCI/Alaska’s Future