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Latest Permanent Fund

The Juneau offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022. (James Brooks/Alaska Beacon)

News

Dunleavy makes new pick for Alaska Permanent Fund Corp. board of directors

By James Brooks

Andy Engstrom (left) uses bitcoin to buy lemonade and cookies from business owner Denali Schijvens (right) on Saturday, July 5, 2025. (Jasz Garrett / Juneau Empire)

News

Alaska’s 1st Bitcoin conference held in Juneau

State leaders discuss integrating Bitcoin in Alaska energy, investment and universities

Deven Mitchell is the executive director and chief executive officer of the Alaska Permanent Fund Corp. (Photo courtesy of the Alaska Permanent Fund Corp.)

Opinion

Opinion: The key to a stronger fund: Diversification

Diversification is a means of stabilizing returns and mitigating risk

Legislators and staff huddle to discuss adjustments to a final compromise spending plan during a budget conference committee meeting on Sunday at the Alaska State Capitol. (Mark Sabbatini / Juneau Empire)

News

$1,000 PFD approved by legislative conference committee as part of final compromise state budget

Lower-than-expected oil prices results in lowest inflation-adjusted dividend since payouts began in 1982.

The chairs of the Senate Finance Committee huddle for a discussion after introducing their draft operating budget, Thursday, April 24, 2025. (James Brooks/Alaska Beacon)

News

Alaska Senate committee drops proposed 2025 PFD to $1,000 per recipient, an inflation-adjusted low

Amid a severe state budget deficit, the Alaska Senate Finance Committee is proposing the lowest Permanent Fund dividend…

Geoff Kirsch and students from Sayéik Gastineau Community School sing during a rally for early education funding at the Alaska State Capitol on Tuesday, April 29, 2025. (Jasz Garrett / Juneau Empire)

News

Spend more for programs or PFDs? Legislators say reality may mean less money for both.

As protesters plea for reverse to program cuts, Senate budget leader says PFD may shrink to $1,000.

The chambers of the Alaska House of Representatives are seen on Tuesday, Feb. 7, 2023. (James Brooks/Alaska Beacon)

News

Alaska House votes to cut proposed dividend, but huge deficit remains unresolved

Surpise vote with three Republicans absent drops proposed dividend to about $1,400 per recipient.

The offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022 in Juneau. (James Brooks/Alaska Beacon)

News

Alaska Permanent Fund suffers multibillion-dollar decline amid Trump tariff-driven market crash

The Alaska Permanent Fund, the No. 1 source of general-purpose revenue for state services and the Permanent Fund…

The House Finance Committee listens to public testimony about next year’s proposed budget on Friday at the Alaska State Capitol. (Mark Sabbatini / Juneau Empire)

News

The Alaska House budget currently has a ‘full’ PFD of about $3,800. Except it really doesn’t.

Legislators on all sides agree PFD will shrink drastically before floor vote to avoid $2 billion deficit.

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)

Opinion

My Turn: It’s time to eliminate the Permanent Fund dividend

It is time now for the Legislature to seriously consider eliminating the Permanent Fund Dividend (PFD) and to…

The Alaska Senate Finance Committee chambers are seen on April 22, 2022. (Photo by Rashah McChesney)

News

With bipartisan support, Alaska Senate panel again proposes new ‘75/25’ PFD formula

Proposal directing money mostly to state spending would mean about $1,420 per recipient this year.

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)

News

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)

News

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)

News

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)

News

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…

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)

News

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…

The trustees of the Alaska Permanent Fund Corp. are seen during a quarterly meeting Feb. 16. (James Brooks/Alaska Beacon)

News

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 offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022 in Juneau. (James Brooks/Alaska Beacon)

News

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.

Clarise Larson / Juneau Empire file photo
Cars drive past the building where the Alaska Permanent Fund Corp. is headquartered on Sept. 21, 2023.

News

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.

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)

News

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.