Our shareholders are the owners of Northway Natives, Inc. Here you'll find how the corporation works, how your shares are held and passed on, and the benefits available to you.
How the annual meeting works, proxy voting, cumulative voting, and how directors are elected.
Learn More →Your NNI shares, gifting and inheritance, stock wills, custodians for minors, and keeping your records up to date.
Learn More →How the Trust was created, how it is funded, and how it pays non-taxable distributions and death benefit assistance to shareholders.
Learn More →Academic and vocational scholarships for enrolled members of the Northway Tribe.
Learn More →
In 1867, the United States purchased Alaska from Russia. Aleuts, Eskimos, and Indians had been living here for thousands of years, and it was agreed that Alaska Natives had rights to the lands they used. For over 100 years, however, it was not clear which lands Alaska Natives owned and which were owned by the U.S. government.
The Alaska Native Claims Settlement Act (ANCSA) was passed into law on December 18, 1971, to settle these claims. It created thirteen regional corporations representing over 80,000 Alaska Natives, paid $962.5 million to Alaska Natives through their corporations from the Alaska Native Fund, and set aside 43 million acres of land. Doyon, Limited is the regional corporation for our area.
Village corporations like NNI also selected land. NNI's entitlement is approximately 115,200 acres, which many shareholders consider the corporation's most precious asset.
Shareholders are the owners of Northway Natives, Inc. Under ANCSA, each eligible Alaska Native of one-quarter or more Alaska Native blood who could prove a relationship to the village of Northway was enrolled and issued 100 shares of NNI stock. Shareholders elect the Board of Directors.
Nine directors, elected from among the shareholders, set the goals of the corporation and protect and preserve it. The board sets policy on natural resources and land management, business investments, and administration, and reports to shareholders every year through the annual report and annual meeting.
The administrator carries out the policy decisions of the board and hires employees as needed for the day-to-day operations of the corporation. This position has historically been filled by the President of the NNI Board of Directors.
Since establishing the NNI Settlement Trust in 2019, the corporation makes contributions to the Trust, and distributions are paid to shareholders from the Trust. These distributions are non-taxable income for shareholders. Learn about the Trust →
Maa’anh Ts’ut Shih, NNI's quarterly newsletter, is published by the NNI Secretary-Treasurer. It is emailed to shareholders and mailed to those without email or internet access.
Northway Natives, Inc.
P.O. Box 401
Northway, Alaska 99764
(907) 778-2298