For your children. For your future.

Gifting just one share of your Afognak Native Corporation stock to each of your children ensures they:

• Have access to educational, job training, and cultural benefits
• Are owners of Afognak Native Corporation
• Have a voice in the future of their Native corporation
• Are empowered to vote in Board elections
• Feel they are part of the Afognak community

 

Afognak Stock Gifting: Q&A

Many of Afognak Native Corporation’s programs are available only to Shareholders. By giving just one share to your descendants, you ensure they are able to access Afognak Native Corporation’s scholarships, training and development, and land programs.
Your child can become a Shareholder in three ways: 1) he/she was born on or before December 18, 1971 and was an original enrollee of Afognak Native Corporation; 2) he/she inherited share(s) due to someone’s passing; or 3) he/she was gifted shares by a living family member.
Gifting shares allows your descendants to take an active part in Afognak Native Corporation. They are able to attend meetings, vote, run for a position on the Board of Directors, and they are eligible for Afognak Native Corporation scholarships and other Shareholder programs and services.
You can gift shares to your child, grandchild, great-grandchild, brother, sister, niece, or nephew. The recipient of gifted shares must be an Alaska Native or a descendant of an Alaska Native.
You may gift 1 or more shares, up to the total amount of shares you own. Shares can be gifted in whole numbers only (e.g., 1, 2, 3, 4, 5). Afognak Native Corporation strongly encourages Shareholders to retain at least one share for themselves to maintain their Shareholder status.
You can gift shares to as many family members as you wish as long as they meet the eligibility requirements outlined in the “who can I gift shares to” question above. Afognak Native Corporation strongly encourages Shareholders to retain at least one share for themselves to maintain their Shareholder status.
No, once a gift of shares is given, it cannot be cancelled or taken back. Shares cannot be gifted “up the family tree,” meaning once a descendant receives shares he/she cannot gift them back to his/her parents or grandparents.
Yes, you may gift to current Shareholders and to other immediate family members who are not yet Shareholders as long as they meet the eligibility requirements outlined in the “who can I gift shares to” question above.
Complete the enclosed gifting form or contact Shareholder Services, and they will send you and the recipient(s) of your share(s) forms to complete. If the person receiving the gift of shares is not yet a Shareholder, Shareholder Services will also need a copy of his/her birth certificate and a completed W-9. Please contact Shareholder Services if you need assistance. They are ready to help you!
A Shareholder must be 18 years old in order to vote. If a Shareholder is a minor, the custodian of record is authorized to vote for the child until he/she reaches adulthood.
Yes, you can list yourself as the custodian of your child’s shares.

 

Gifting form: G-Donors-Affidavit-For-Gift-Of-Afognak-Corporation-Stock

Department contacts: https://www.afognak.com/contact/

For more information on gifting stock contact:

Shareholder Services
800.770.6014 Toll Free | 907.486.6014 Phone
shareholderservices@www.afognak.com Email | www.www.afognak.com Website