FY2019

Summary of Shareholder Benefits

Shareholder dividend ($5.00 per share) – $3,166,509
Special Elders’ distribution ($1,000 per Elder) – $965,000
Bereavement benefits ($2,500 benefit) – $217,500

DIVIDENDS

BSNC, through the BSNC Beringia Settlement Trust, issues shareholder dividends and special Elder distributions. BSNC has distributed $27 million in dividends and special Elder distributions to shareholders since its inception.

BEREAVEMENT

The BSNC Beringia Settlement Trust now provides shareholder bereavement assistance in the amount of $2,500 to help defray the cost of funeral expenses for an original BSNC shareholder, a lineal descendant of an original BSNC shareholder, or the spouse of a living original BSNC shareholder. The deadline for filing for bereavement assistance is within three months of the date of death.

SCHOLARSHIPS

BSNC provides substantial financial support to the Bering Straits Foundation (BSF). BSF helps BSNC shareholders and their lineal descendants attain their educational and vocational goals by offering scholarship, fellowship and mentorship opportunities.

BSNC doubled scholarship funding for undergraduate, graduate and vocational BSF student recipients. Newly approved scholarship increases are effective for the fall 2019 term.

“BSNC is very proud to invest in its shareholders and descendants,” said BSNC President & CEO Gail R. Schubert. “I encourage our students to fully utilize scholarships from the Foundation to obtain an education or training that will benefit our Region, Alaska and Our People.”

For the 2018/2019 academic year, BSF awarded a total of $220,050 in educational funding to BSNC shareholders and their descendants. Since its inception in 1991, BSF has provided more than $3.1 million to BSNC shareholders and descendants for postsecondary education.

CAREER DEVELOPMENT

BSNC extends hiring preference to qualified shareholders, descendants and shareholder spouses as permitted under federal law. BSNC is helping prepare tomorrow’s leaders for the workforce by providing paid internships and professional development training to qualified shareholder and descendant students each summer.

CAMPSITE PROGRAM

BSNC maintains a shareholder Campsite Program, which allows shareholders to select a campsite along the Kougarok Road, east and north of Salmon Lake. All BSNC shareholders are eligible for campsites whether they live within the region or outside.