Permanent Fund (Alaska)

The Alaska Permanent Fund is a state-owned investment account established in 1976, funded primarily by revenues from oil and natural gas resources. Its purpose is to generate wealth that benefits all residents through annual dividend payments. The fund's investments—comprising stocks, bonds, real estate, and other assets—grow over time, helping to provide economic stability and fund public services. By sharing resource revenues with residents, the fund helps reduce dependence on volatile oil income, promoting long-term fiscal health and community prosperity for Alaskans.