Anchorage, Alaska – Nov. 22, 2010 – The Trustees of the NANA Elders’ Settlement Trust voted to issue a $2,000 per Elder distribution in 2011. The Trust was established by NANA in 2008 to provide a modest, yet needed, special distribution to NANA shareholders who are 65 years of age or older. This distribution was the result of a contribution from NANA Regional Corporation, Inc. (NANA) which was approved by its board of directors on November 18, 2010.
“Many of our Elders live on a fixed income and it is our hope this dividend will help them and make their lives a little easier next year,” said Donald G. Sheldon, NANA board chairman. “The NANA Elders’ Settlement Trust is just one way we honor those who have paved the way for other NANA shareholders.”
The distribution is $1,500, with an additional $500 for taxes. NANA Elders' Settlement Trust distributions are currently taxable and Elders receiving the distribution are urged to consider reserving the additional monies for their 2012 taxes.
The NANA Elders’ Settlement Trust distribution will be paid on Feb. 4, 2011. Those Elders who have elected to receive their dividend via direct deposit will receive it that day. It should arrive by mail later in the month for those Elders who receive the dividend via the U.S. Postal Service.
In 2010, the NANA Elders’ Settlement Trust distributed $2,000 per beneficiary.
NANA Regional Corporation, Inc. (NANA) is one of the 13 Regional Alaska Native corporations (ANCs) created pursuant to the Alaska Native Claims Settlement Act (ANCSA). NANA’s mission is to provide economic opportunities for its more than 12,000 Iñupiat shareholders and to protect and enhance NANA lands. Join the hunt at www.nana.com/regional.