Permanent Fund

Uhtred Permanentfundsen, the “defender of the Permanent Fund,” occupies a shelf near the head of the table in the Senate Finance Committee room at the Alaska State Capitol. (Mark Sabbatini / Juneau Empire file photo)

This year’s Permanent Fund Dividend is $1,702, with first payouts scheduled Oct. 3

Amount includes $1,403.83 from Permanent Fund earnings and $298.17 “one-time energy relief payment.”

 

Deven Mitchell, executive director of the Alaska Permanent Fund Corp., gives a tour of the corporation’s investment floor to Sen. Jesse Kiehl, D-Juneau, and other attendees of an open house on Friday, Feb. 16, 2024. (James Brooks/Alaska Beacon)

New Alaska Permanent Fund reports show fiscal crisis growing closer

More money is being spent from the fund than is being deposited or earned through investments.

 

The Alaska Permanent Fund Corp. Board of Trustees votes for a new chair and vice chair during a meeting in Fairbanks on Wednesday. (Screenshot from APFC livestream)

Ellie Rubenstein resigns from Permanent Fund board, Ethan Schutt displaced as chair in wake of email allegations

Trustees elect new chair, vice chair Wednesday morning; Rubenstein announces resignation hours later

 

Alaska Permanent Fund Corp. board chairman Ethan Schutt is seen during a special board meeting on Monday, Oct. 3, 2022, in Juneau. (James Brooks/Alaska Beacon)

Dunleavy reappoints Permanent Fund Corp. board chair Schutt after weeks of uncertainty

Gov. Mike Dunleavy has reappointed Ethan Schutt to a public seat on the Alaska Permanent Fund Corp.’s board of directors, a little over two weeks… Continue reading

Alaska Permanent Fund Corp. board chairman Ethan Schutt is seen during a special board meeting on Monday, Oct. 3, 2022, in Juneau. (James Brooks/Alaska Beacon)
A cartoon sketch is seen on a cubicle in the offices of the Alaska Permanent Fund Corp. during an open house on Friday, Feb. 16. (James Brooks/Alaska Beacon)

After email leak, some Alaska legislators say they’re skeptical of Permanent Fund’s direction

Members of the Alaska Legislature questioned the direction of the Alaska Permanent Fund Corp. on Monday in a hearing of the Legislative Budget and Audit… Continue reading

A cartoon sketch is seen on a cubicle in the offices of the Alaska Permanent Fund Corp. during an open house on Friday, Feb. 16. (James Brooks/Alaska Beacon)
The trustees of the Alaska Permanent Fund Corp. are seen during a quarterly meeting Feb. 16. (James Brooks/Alaska Beacon)

Alaska Permanent Fund leaders vote to hire law firm to investigate leaker and themselves

Third-party investigator will examine six years of contacts between staff and the board of trustees.

The trustees of the Alaska Permanent Fund Corp. are seen during a quarterly meeting Feb. 16. (James Brooks/Alaska Beacon)
The offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022 in Juneau. (James Brooks/Alaska Beacon)

Permanent Fund bosses vote to defy Alaska Legislature, keep Anchorage office

One dissenting member of board of trustees warns vote could cause “a fight” with the Legislature.

The offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022 in Juneau. (James Brooks/Alaska Beacon)
Clarise Larson / Juneau Empire file photo
Cars drive past the building where the Alaska Permanent Fund Corp. is headquartered on Sept. 21, 2023.

Accusations of threats, closed-door decisions and other improprieties raised at Permanent Fund board meeting

Special meeting resulting from leak of emails about one board member leads to wider allegations.

Clarise Larson / Juneau Empire file photo
Cars drive past the building where the Alaska Permanent Fund Corp. is headquartered on Sept. 21, 2023.
Alaska Permanent Fund Corp. board members including Gabrielle Rubenstein (wearing white) meet with staff and advisors on Oct. 30, 2023, to discuss a proposal to raise the fund’s rate of return by making riskier investments. The idea stalled when advisors suggested the strategy and timing are ill-advised. (Mark Sabbatini / Juneau Empire file photo)

Permanent Fund board calls special meeting Wednesday due to leaked emails alleging improper behavior

Ellie Rubenstein accused of setting up meetings between APFC staff and her business associates.

Alaska Permanent Fund Corp. board members including Gabrielle Rubenstein (wearing white) meet with staff and advisors on Oct. 30, 2023, to discuss a proposal to raise the fund’s rate of return by making riskier investments. The idea stalled when advisors suggested the strategy and timing are ill-advised. (Mark Sabbatini / Juneau Empire file photo)
Rep. David Eastman, R-Wasilla, watches as the tally board in the Alaska House of Representatives shows the vote against House Joint Resolution 7 on Thursday. Eastman supported the amendment. (James Brooks/Alaska Beacon)

Alaska House votes down constitutional guarantee for Permanent Fund dividend

Guarantee had been discussed as part of long-term plan to bring state expenses in line with revenue.

Rep. David Eastman, R-Wasilla, watches as the tally board in the Alaska House of Representatives shows the vote against House Joint Resolution 7 on Thursday. Eastman supported the amendment. (James Brooks/Alaska Beacon)
Uhtred Permanentfundsen, the “defender of the Permanent Fund,” occupies a shelf near the head of the table in the Senate Finance Committee room at the Alaska State Capitol. (Mark Sabbatini / Juneau Empire file photo)

Sunday is the last day to apply for the 2024 Alaska Permanent Fund Dividend

Online applications can be submitted until 11:59 p.m.; PFD expected to be at least $1,582.

Uhtred Permanentfundsen, the “defender of the Permanent Fund,” occupies a shelf near the head of the table in the Senate Finance Committee room at the Alaska State Capitol. (Mark Sabbatini / Juneau Empire file photo)
The Alaska Permanent Fund Corp. headquarters in Juneau is where most of the estimated 70 employees manage the state’s primary savings account. The corporation opened a satellite office in Anchorage last year. (Mark Sabbatini / Juneau Empire file photo)

Intent language nixing Permanent Fund Corp.’s new Anchorage office added to House budget

Office opened last year without earmarked funds; APFC head says HQ could eventually move from Juneau

The Alaska Permanent Fund Corp. headquarters in Juneau is where most of the estimated 70 employees manage the state’s primary savings account. The corporation opened a satellite office in Anchorage last year. (Mark Sabbatini / Juneau Empire file photo)
The Alaska State Capitol is seen on Wednesday, March 7. (James Brooks/Alaska Beacon)

Experts bump Alaska oil price estimates slightly, boosting Permanent Fund dividend and budget

Extra payment of more than $200 expected for this year’s PFD.

The Alaska State Capitol is seen on Wednesday, March 7. (James Brooks/Alaska Beacon)
Rep. Ben Carpenter, R-Nikiski, speaks Thursday, April 27, 2023, at a news conference in Juneau. (James Brooks/Alaska Beacon)

Alaska House considers constitutional guarantee for Permanent Fund dividend

The Alaska House of Representatives will vote as soon as Friday morning on a constitutional amendment that would guarantee the annual Permanent Fund dividend. The… Continue reading

Rep. Ben Carpenter, R-Nikiski, speaks Thursday, April 27, 2023, at a news conference in Juneau. (James Brooks/Alaska Beacon)
Alexei Painter, director of Alaska’s Legislative Finance Division, presents an update of the state’s budget situation for the coming year to the Senate Finance Committee on Thursday. (Mark Sabbatini / Juneau Empire)

Analysis: Balanced state budget next year can include a $1,535 PFD and $680 BSA increase

However, a “statutory” $3,688 PFD would result in a deficit of more than $1.2 billion, report says.

Alexei Painter, director of Alaska’s Legislative Finance Division, presents an update of the state’s budget situation for the coming year to the Senate Finance Committee on Thursday. (Mark Sabbatini / Juneau Empire)
The trustees of the Alaska Permanent Fund Corp. are seen during a quarterly meeting at their Juneau headquarters on Friday. (Photo by James Brooks/Alaska Beacon)

Alaska Permanent Fund Corp. board again warns that the fund is running out of spendable money

New analysis offers possible solutions; two-part constitutional amendment the most durable repair.

The trustees of the Alaska Permanent Fund Corp. are seen during a quarterly meeting at their Juneau headquarters on Friday. (Photo by James Brooks/Alaska Beacon)
Deven Mitchell, executive director of the Alaska Permanent Fund Corp., gives a tour of the corporation’s investment floor to Sen. Jesse Kiehl, D-Juneau, and other attendees of an open house on Friday. (James Brooks/Alaska Beacon)

Alaska Permanent Fund Corp. leaders approve proposal to borrow up to $4 billion for investments

Plan must be OK’d by legislators and Gov. Mike Dunleavy because it requires changes to state law.

Deven Mitchell, executive director of the Alaska Permanent Fund Corp., gives a tour of the corporation’s investment floor to Sen. Jesse Kiehl, D-Juneau, and other attendees of an open house on Friday. (James Brooks/Alaska Beacon)
Alaska Permanent Fund Corp. board members, staff and advisors meet Monday, Oct. 30, 2023, at the corporation’s headquarters in Juneau. (Mark Sabbatini / Juneau Empire file photo)

Opinion: Risky business not the state’s business

The advice for Las Vegas gamblers is don’t bet more than you can afford to lose. It’s generally the same advice for investors: Don’t take… Continue reading

Alaska Permanent Fund Corp. board members, staff and advisors meet Monday, Oct. 30, 2023, at the corporation’s headquarters in Juneau. (Mark Sabbatini / Juneau Empire file photo)
Deven Mitchell is the executive director and chief executive officer of the Alaska Permanent Fund Corp. (Photo courtesy of the Alaska Permanent Fund Corp.)

My Turn: APFC remains focused on continuing legacy for generations of Alaskans

The Alaska Permanent Fund Corp. is honored to have its headquarters in Juneau. Since the corporation’s establishment in 1980, our objective has been to manage… Continue reading

Deven Mitchell is the executive director and chief executive officer of the Alaska Permanent Fund Corp. (Photo courtesy of the Alaska Permanent Fund Corp.)
Legislative fiscal analysts Alexei Painter, right, and Conor Bell explain the state’s financial outlook during a presentation to the Senate Finance Committee on March 24, 2023. (Mark Sabbatini / Juneau Empire)

Report: $175 ‘energy relief’ payment to residents, education funding boost likely in final state budget

Legislative Finance analysis of governor’s proposal for next year predicts numerous other adjustments

Legislative fiscal analysts Alexei Painter, right, and Conor Bell explain the state’s financial outlook during a presentation to the Senate Finance Committee on March 24, 2023. (Mark Sabbatini / Juneau Empire)