Through the Alaska Native Claims Settlement Act (ANCSA) approximately 675,000 acres remain in Tlingit, Haida and Tsimshian ownership.
When ANCSA was approved in 1971, Sealaska enrolled 15,782 shareholders. In 2007, Sealaska shareholders voted and approved to enroll descendants and those who were eligible to enroll in 1971 but were not able to. Today Sealaska represents approximately 22,000 shareholders.
Through businesses, investments and partnerships, Sealaska provides economic, cultural and social benefits to current and future generations of shareholders.
ANCSA is the largest land settlement in US history. Approximately 44 million acres of traditional homelands were returned to Alaska Natives through 12 regional corporations. This is vastly different from the land settlement of American Indians and the establishment of reservations. ANCSA did not provide sovereign rights for Alaska Natives to build economy. Instead under ANCSA for profit corporations were established.
According to the ANCSA CEO’s Association in 2009, total revenues for Alaska Native corporations reached $7.3 billion and increased to $8.97 billion in 2012.
ANCSA Section 7(i)
ANCSA Section 7(i) is a provision that requires the 12 regional corporations to share 70 percent of its natural resources development income with the regional corporations. Annually, these revenues are pooled together and then are apportioned back to the regional corporations on a per capita basis. Since inception, Sealaska has paid $306.4 million into the Section 7(i) pool, the most of any Regional Corporation. Some Section 7(i) monies are passed on to shareholders through ANCSA Section 7(i) payments.