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Donation RequestDownload the donation request form to submit and official donation request. Annual ReportDownload the most recent Kuskokwim Annual Report.
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 History of The Kuskokwim CorporationThe Kuskokwim Corporation was formed on April 25, 1977, when ten Alaska Native Claims Settlement Act (ANCSA) village corporations located along the middle part of the Kuskokwim River merged. These ten corporations were:
The villages that merged were:
Why did the 10 villages merge to form TKC? Prior to the merger, each corporation operated independently. Each had its own board of directors and staff responsible for running the company. The total cost of operating ten very small companies was enormous. The idea of The Kuskokwim Corporation was to create one corporation with one staff and thus, reduce the expanse of operating several businesses. With lower costs, more of the income combined company earned would be available for shareholder dividends. In addition a larger company could more easily attract a professional staff to run it. Resources of each individual company were very limited. When all of the resources of each company were pooled, however, they amounted to significant capital and significant amounts of land. With the combined resources, The Kuskokwim Corporation has been able to purchase investments that would otherwise not have been available to each company operating by itself. The Kuskokwim Corporation is one company. It is no longer the ten original corporations. As such, the Corporation operates in the best interests of all of its shareholders and not just those shareholders living in a particular village. In 1994 the shareholders amended the articles of incorporation to allow for the issuance of Class "B" stock. Class "B" shareholders who were born after December 18, 1971. Class "B" stock is life estate stock. When the owner dies, the stock is returned to the Corporation. |
