November 21, 2022
2022 SAFE Distribution Declared
At its regular meeting on November 19, 2022, the Board of Trustees of Shee Atiká Fund Endowment (SAFE) approved a 2022 distribution for trustees (shareholders) of $6.00/unit (share).
Shareholders of record on Wednesday, November 30, 2022, are eligible to receive the distribution. Eligible shareholders with direct deposit will receive their funds on December 7, 2022. Checks will be mailed on December 9, 2022.
At Shee Atiká, our mission is to deliver meaningful value to our shareholders, people, partners, and customers.
“We know how much everyone looks forward to the annual distribution,” said Board Chairman Rob Allen, “and it’s just one of the many ways the board and staff work together to invest in the future of our shareholders.”
This year, the board also approved increased funding for annual and short-term scholarships for shareholders pursuing academic, vocational, and cultural/heritage studies as well as increased funeral benefits.
Learn more about scholarship opportunities.
INCREASED ANNUAL SCHOLARSHIP AMOUNTS
- Academic: From $2,400 to $3,000
- Short-Term: From $815 to $850
- Youth: From $350 to $500
INCREASED FUNERAL BENEFITS AMOUNTS
- From $875 to $1,200
Current directors of Shee Atiká are Rob Allen (Chair), Roxanne Drake-Burkhart (Vice-Chair), Norma J. Perkins (Secretary), Alysha Guthrie (Treasurer), James Craig, Lowell Frank, Larry Garrity, Steve Karpstein, and Ken Truitt.
How is the distribution amount determined?
The distribution amount must be between 75% to 100% of annual net cash income from the SAFE Trust. The percentage within that range is determined by the SAFE Board of Trustees annually. SAFE owns real estate in Colorado as well as the majority of the invested funds at Shee Atiká Investments, LLC. These two sources make up the net cash income used to determine the distribution amount. Revenue from Shee Atiká, Inc.’s other operations are not calculated in the distribution amount.
Why is the 2022 distribution less than last year?
Inflation and rising interest rates affect our everyday lives, whether that’s buying groceries or getting a home loan. These factors also significantly impact Shee Atiká’s investment portfolio. Just like millions of companies and households across the country, a volatile market has produced a lower rate of return on our investment portfolio.