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Trump's cabinet might have a model in Alaska's Permanent Fund, ... Updated February 5, 2025 at 8:20 PM. Donald Trump is making good on his campaign promise to start a sovereign wealth fund.
The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). [1] It was established in Alaska in 1976 [ 2 ] by Article 9, Section 15 of the Alaska State Constitution [ 3 ] under Governor Jay Hammond and Attorney General Avrum Gross .
Established in 1976, the Alaska Permanent Fund was created to ensure that future generations would benefit from the state's natural resources long after they are depleted. This fund translates Alaska's natural resource revenues into annual dividends distributed to eligible Alaskan residents (Administered by the DOR through the Permanent Fund ...
Alaska: Alaska Permanent Fund: 74.455 December 2022 [3] Petroleum: 2 Texas: Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12 ...
The Alaska Permanent Fund is a $65 billion fund managed by a state-owned corporation and fueled by oil and gas revenues. Current governor Bill Walker lost popularity for his decision to cut the ...
Mar. 26—As the Alaska Permanent Fund has become the financial centerpiece of the state budget, its management has attracted warranted scrutiny. There's a big difference, after all, between a ...
The Petroleum Fund of Norway; Permanent School Fund - funds K–12 schools in Texas, mostly from oil and natural gas revenue. Permanent University Fund - funds universities in Texas, mostly from oil and gas revenue. The Alaska Permanent Fund provides annual dividends to residents of the State of Alaska; Public company
Dec. 19—Ordinarily, when your money manager's actions lead to unprecedented returns, they get a commission, a commendation and maybe some kind of a bonus. But now-former Alaska Permanent Fund ...