What do Alaska’s Permanent Fund, Peyton Manning, Apple Computer Company and “Rocky” have in common? All were created in 1976.
Alaska’s Permanent Fund started when voters approved a constitutional amendment creating it. The first dividend was distributed four years later in 1980. The amount was $50 for every year of residency since statehood in 1959. In 1999, the online portal for the application launched. A decade later, Pick.Click.Give was introduced, letting recipients donate their PFD to charities.
Over the years the fund has faced numerous legal challenges but remains strong and is currently valued at $65.3 billion.
– Ashleigh Ebert, The Alaska 100