Established in 1976 with future generations in mind, the Alaska Permanent Fund is unique to the state. The fund was created with revenues from the oil and gas industry, starting with the first royalty deposit of $734,000 on February 28, 1977. Now worth approximately $65 billion, the Fund distributes an annual Permanent Fund Dividend (PFD) to every eligible Alaskan.
Since the dividend program started in 1982, a family of four has received $181,637. Continued industry contribution to the State’s fund, in combination with a successful investment strategy, make the dividend possible.