Alaska Permanent Fund

The Alaska Permanent Fund is a state-owned investment fund created in 1976 to manage a share of the state's oil revenues for the benefit of Alaskans. It accumulates money from oil taxes and other sources, investing it to generate returns. Each year, eligible residents receive a dividend payment from the fund's earnings, providing financial support to individuals and families. This initiative helps to distribute wealth derived from the state's natural resources, ensuring long-term financial benefits for current and future generations of Alaskans.