Huna Totem Corporation facts for kids
The Huna Totem Corporation (HTC) is a company that makes money. It was created because of a special law called the Alaska Native Claims Settlement Act (ANCSA). This law was passed by the U.S. Congress in 1971. ANCSA helped create many companies for Alaska Native people. Huna Totem Corporation is one of these "village corporations." It started on November 9, 1973.
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Who Owns Huna Totem?
When Huna Totem Corporation first started, it had 876 owners, called shareholders. Now, there are over 1,350 shareholders. All of them have family ties to the village of Hoonah and Glacier Bay.
Huna Totem Corporation helps its shareholders in several ways. They receive money from the company's profits, called dividends. There are also payments from special trusts. The company helps older original shareholders when they turn 65. Huna Totem also provides money for educational scholarships. These scholarships help young people go to college or trade school.
What Huna Totem Does
Huna Totem Corporation makes money from different types of businesses. These include tourism, managing natural resources, and real estate. They also do construction and manage investments. In the past, selling timber (wood from trees) was a big part of their business.
How Huna Totem Is Managed
Huna Totem Corporation is run by a group of people called the Board of Directors. This board has nine members. Every year, three new directors are chosen. They serve for three years. The Board of Directors makes the main rules for the company.
Daily Operations
The everyday work of the company is handled by the President and Chief Executive Officer. They lead the management team. You can find a list of the current officers and directors online. This information is available through the State of Alaska's Corporations Database.
Huna Totem's Businesses
Like other Native corporations in Southeast Alaska, Huna Totem is a leader in tourism. They help create fun activities for visitors.
Icy Strait Point
One of their main tourism businesses is Icy Strait Point. This is a popular place for cruise ships to visit. It is located in Hoonah, Alaska. Huna Totem Corporation owns and invests in Icy Strait Point.
Other Ventures
Another tourism business owned by Huna Totem is called Alaska Native Voices. The corporation also used to own a magazine. It was called Alaskan Southeaster. However, the magazine stopped being published in 2003. This was because it did not get enough advertising money.
