Shee Atiká, Incorporated (SAI) is an urban corporation organized under the Alaska Native Claims Settlement Act (ANCSA). One hundred shares of SAI voting common stock were issued pursuant to ANCSA to each Native person enrolled. Nonvoting common stock is issued to any person who acquires SAI stock and is not a “Native” or “Descendant of a Native” within the meaning of ANCSA.
ANCSA was passed by Congress to settle the aboriginal land claims of the Native people of Alaska. Most of our shareholders are of Tlingit descent. The moiety of the Tlingit people is under the Raven or Eagle. Our clans in Sitka consist of L’uknax.adi, Kik.sadi, Kaagwaantaan, Chookaneidee, T’akdeintaan, Daklaweidee, Wooshkeetaan, Yanyeidi, Deisheetaan and L’eeneidee. We also have shareholders of Haida, Tsimpsian, Athabascan, Aleut and Eskimo descent.
As its settlement, Shee Atiká, Incorporated received 23,000 acres of timberland on Admiralty Island, 3,000 acres at Katlian Bay near Sitka and Alice and Charcoal Islands adjacent to the Sitka Airport.
Early in our history, Shee Atiká’s major source of revenue and cash flow was its share in the results of operations of Atikon Forest Products, of which SAI owned 49%. This sale, along with the resulting net operating loss sale to Quaker Oats, allowed the company to pay down debt and make distributions to shareholders. Additionally, in 1993, SAI was able to establish the Shee Atiká Fund Endowment (SAFE), an ANCSA Settlement Trust. SAFE is designed to make consistent, annual distributions to its beneficiaries (Shee Atiká, Incorporated shareholders are also beneficiaries in any Settlement Trusts established by the corporation).
In 1998, Shee Atiká, Incorporated funded another Settlement Trust for the benefit of its shareholders – the Shee Atiká Benefits Trust (SABT) – which provides educational and funeral benefits.
Presently, Shee Atiká has diversified and expanded its business operations to include wholly-owned businesses providing value-added services in IT/cyberspace, supply chain management, construction, systems engineering, and health technology. Its commercial real estate ventures include office buildings in Sitka, Alaska, and Colorado Springs, Colorado.
Download the second edition of Shee Atiká Incorporated’s detailed works on the history of ANCSA and its roots in Sitka, Alaska.