At Bering Straits Native Corporation, we are very proud to invest in our shareholders and descendants. This last year our Shareholder dividend was ($5.00 per share) – $3,166,509, the Special Elders’ distribution was ($1,000 per Elder) – $965,000 and the was Bereavement benefits ($2,500 benefit) – $217,500.
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.
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.
BSNC provides substantial financial support to the Beringia Settlement Trust (BST) Scholarship Program. The Beringia Settlement Trust Scholarship Program 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 BST student recipients.