The Aleut Corporation
Encyclopedia
The Aleut Corporation, or TAC, is one of thirteen Alaska Native Regional Corporations
created under the Alaska Native Claims Settlement Act
of 1971 (ANCSA) in settlement of aboriginal land claims. The Aleut Corporation was incorporated in Alaska
on June 21, 1972. Headquartered in Anchorage, Alaska
, The Aleut Corporation is a for-profit corporation with approximately 3,410 Alaska Native
shareholders primarily of Aleut descent originating in the Alaska Peninsula
, Aleutian Islands, Pribilof Islands
, and Shumagin Islands
of Alaska.
Under ANCSA, The Aleut Corporation received a settlement of $19.5 million. Its land entitlement included 66,000 acres (270 km²) of surface lands and 1.572 million acres (6,362 km²) of subsurface estate.
Alaska Peninsula and in the Aleutian Islands, Shumagin Islands, and Pribilof Islands.
Alaska Native Regional Corporations
The Alaska Native Regional Corporations were established in 1971 when the United States Congress passed the Alaska Native Claims Settlement Act which settled land and financial claims made by the Alaska Natives and provided for the establishment of 13 regional corporations to administer those...
created under the Alaska Native Claims Settlement Act
Alaska Native Claims Settlement Act
The Alaska Native Claims Settlement Act, commonly abbreviated ANCSA, was signed into law by President Richard M. Nixon on December 23, 1971, the largest land claims settlement in United States history. ANCSA was intended to resolve the long-standing issues surrounding aboriginal land claims in...
of 1971 (ANCSA) in settlement of aboriginal land claims. The Aleut Corporation was incorporated in Alaska
Alaska
Alaska is the largest state in the United States by area. It is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait...
on June 21, 1972. Headquartered in Anchorage, Alaska
Anchorage, Alaska
Anchorage is a unified home rule municipality in the southcentral part of the U.S. state of Alaska. It is the northernmost major city in the United States...
, The Aleut Corporation is a for-profit corporation with approximately 3,410 Alaska Native
Alaska Natives
Alaska Natives are the indigenous peoples of Alaska. They include: Aleut, Inuit, Tlingit, Haida, Tsimshian, Eyak, and a number of Northern Athabaskan cultures.-History:In 1912 the Alaska Native Brotherhood was founded...
shareholders primarily of Aleut descent originating in the Alaska Peninsula
Alaska Peninsula
The Alaska Peninsula is a peninsula extending about to the southwest from the mainland of Alaska and ending in the Aleutian Islands. The peninsula separates the Pacific Ocean from Bristol Bay, an arm of the Bering Sea....
, Aleutian Islands, Pribilof Islands
Pribilof Islands
The Pribilof Islands are a group of four volcanic islands off the coast of mainland Alaska, in the Bering Sea, about north of Unalaska and 200 miles southwest of Cape Newenham. The Siberia coast is roughly northwest...
, and Shumagin Islands
Shumagin Islands
The Shumagin Islands are a group of 20 islands in the Aleutians East Borough south of the mainland of Alaska, USA, at54°54'–55°20' North 159°15'–160°45' West. The largest islands are Unga Island, Popof Island, Korovin Island, and Nagai Island. Other islands include Andronica, Big Koniuji, Little...
of Alaska.
Under ANCSA, The Aleut Corporation received a settlement of $19.5 million. Its land entitlement included 66,000 acres (270 km²) of surface lands and 1.572 million acres (6,362 km²) of subsurface estate.
Officers and Directors
A current listing of The Aleut Corporations' officers and directors, as well as documents filed with the State of Alaska since TAC's incorporation, are available online through the Corporations Database of the Division of Corporations, Business & Professional Licensing, Alaska Department of Commerce, Community and Economic Development.Shareholders
At incorporation, The Aleut Corporation enrolled 3,249 Alaska Native shareholders, each of whom received 100 shares of TAC stock. As an ANCSA corporation, TAC has no publicly traded stock and its shares cannot legally be sold.Lands
Under ANCSA, The Aleut Corporation was entitled to 66,000 acres (270 km²) of surface lands and 1.572 million acres (6,362 km²) of subsurface estate. Most of TAC's land selections were made on theAlaska Peninsula and in the Aleutian Islands, Shumagin Islands, and Pribilof Islands.
Business enterprises
TAC's primary business areas are in the areas of government contracting; telecommunications; environmental remediation; real estate management; trust management; sales of sand, gravel, mineral, and rock aggregates; and investments in oil and gas producing properties and marketable securities. Under federal law, The Aleut Corporation and its majority-owned subsidiaries, joint ventures and partnerships are deemed to be "minority and economically disadvantaged business enterprise[s]" It should also be noted that this family of businesses is exempt from the Civil Rights Act of 1964, meaning their employment policies are allowed to be discriminatory.(43 USC 1626(e)).| Company | Headquarters | Type of subsidiary |
Enterprises |
|---|---|---|---|
| Aleut Enterprise LLC | Anchorage | Fuel and commercial and residential properties, chiefly in Adak, Alaska Adak, Alaska Adak , formerly Adak Station, is a city in the Aleutians West Census Area, Alaska, United States. At the 2010 census the population was 326. It is the westernmost municipality in the United States and the southernmost city in Alaska. The city is the former location of the Adak Army Base and Adak... . |
|
| ALEUT Management Services, LLC | Colorado Springs Colorado Springs, Colorado Colorado Springs is a Home Rule Municipality that is the county seat and most populous city of El Paso County, Colorado, United States. Colorado Springs is located in South-Central Colorado, in the southern portion of the state. It is situated on Fountain Creek and is located south of the Colorado... |
Facilities and systems management, communications, and information technology. | |
| Alaska Trust Company | Investment management and trust services. | ||
| Ki, LLC | 25% owner; 75% owned by NANA Development Corporation NANA Development Corporation NANA Development Corporation headquartered in Anchorage, Alaska, is owned by NANA Regional Corporation—an Alaska Native Corporation formed under provisions of the Alaska Native Claims Settlement Act —and functions as the latter’s business arm.-History:... , a subsidiary of NANA Regional Corporation NANA Regional Corporation is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 in settlement of Alaska Native land claims. NANA was incorporated in Alaska on June 7, 1972. NANA is a for-profit corporation with a land base in the Kotzebue area in northwest... |
Communications, information technology, logistics, visual information, maritime, simulator, base Operations support, and other technical and management services. | |
| Akima Corporation | Project management, facility operations, and technical and logistic support. | ||
| The Aleut Foundation | Original enrollees of The Aleut Corporation and Isanotski Corporation and their descendants and beneficiaries the Aleutian Pribilof Islands Restitution Trust and their descendants. | ||
| Ounalashka Corporation Ounalashka Corporation The Ounalashka Corporation is the native village corporation for the Aleuts of Unalaska and Amaknak Islands, in the Aleutian Islands. Like its parent entity, the Aleut Corporation, it was formed as a result of the Alaska Native Claims Settlement Act of 1971... |
Unalaska | Commercial and residential properties, chiefly in Unalaska, Alaska Unalaska, Alaska Unalaska is a city in the Aleutians West Census Area of the Unorganized Borough of the U.S. state of Alaska. Unalaska is located on Unalaska Island and neighboring Amaknak Island in the Aleutian Islands off of mainland Alaska.... . |