The Goldbelt Ancestral Trust was created pursuant to the terms of the Alaska Native Claims Settlement Act by a vote of the Goldbelt, Inc. Shareholders at the 40th Annual Meeting of Shareholders in June 2014. The purpose of the Trust is to provide dividends, scholarships and burial cost assistance to the Trust Beneficiaries. Trust Beneficiaries come from the original Goldbelt Shareholders of Alaska Native lineage.
The Trust is managed by a Trust Manager, who is subject to the direction of a five-member Board of Trustees. The Trustees are appointed by the Goldbelt Board of Directors. Two of the Trustees are Goldbelt Directors and three Trustees are independent. All of the Trustees must have financial education and experience in order to help secure sound financial oversight of the Trust assets. The Trust Manager and the Trustees are all uncompensated and are volunteering their time and experience in order to help grow the Trust’s assets.
The Trust is legally separate from Goldbelt Incorporated. The Trust must act in the overall best interests of the Beneficiaries and protect the assets of the Trust.
The current Board of Trustees are, McHugh Pierre, Richard Beasley, William Andrews, Lynette Page and Gail Dabaluz. The Board of Trustees is charged with establishing the rules of procedures and policies that will govern the Trust.
The complete set of bylaws and articles of incorporation are available for viewing at Trust headquarters in Juneau, Alaska.