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Company Snapshot

Shee Atiká, Incorporated

Address Shee Atiká, Incorporated (SAI) is the Urban Native Corporation for Sitka, Alaska. Shee Atiká was established pursuant to the Alaska Native Claims Settlement Act (ANCSA) of 1971. 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. In 1987 Shee Atiká, Incorporated, after years of fighting environmentalist lawsuits, sold its Admiralty Island timber to Atikon Forest Products, of which SAI owned 49%. This sale, along with the resulting Net Operating Loss (NOL), sale to Quaker Oats, allowed the company to pay down debt, make distributions to shareholders and in 1993 to establish the Shee Atiká Fund Endowment (SAFE), an ANCSA Settlement Trust. SAFE is designed to make consistent, twice yearly, 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. Today, in addition to its timberlands, Shee Atiká owns the Totem Square Inn, Sitka's premier hotel; and the newest building in downtown Sitka, the Shee Atiká Building. Commercial properties are also held in the lower 48; in Colorado Springs, Colorado. With a combined net worth of approximately $90 million, SAI, SAFE and SABT not only provide economic benefits to Shee Atiká, Incorporated shareholders, but also contribute to the economic well-being of the community and the state.
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