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APFC Releases 2024 Annual Report

In News by Juliette Alldredge

The Alaska Permanent Fund Corporation (APFC) announced the release of its 2024 Annual Report, “Illuminating the Future.” The establishment of the Fund and Corporation was and remains visionary—to secure Alaska’s financial future through the prudent and diversified investment of a portion of our state’s resource-based wealth. The report highlights a year of disciplined management, significant growth, and prudent investment strategies. …

The Board of Trustees Holds Budget Work Session and Audit Committee Meetings

In Uncategorized by Juliette Alldredge

JUNEAU – The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees held a Budget Work Session and Audit Committee Meeting in Juneau, Alaska, and via Teams webinar on September 5, 2024. Budget Work Session During the Budget Work Session, the Trustees reviewed and discussed the proposed elements of the Fiscal Year 2026 APFC Budget presented by staff. The feedback received …

Beyond the Numbers: What Key Financial Statements & Balance Report Mean for Alaskans

In News by Juliette Alldredge

JUNEAU – The Alaska Permanent Fund Corporation (APFC) is pleased to provide the preliminary end of FY24 financial statements and the beginning of the FY25 Fund Balance Report. As of June 30, 2024, the end of FY24, the Alaska Permanent Fund has an unaudited total value of $80.3 billion. The value of the permanent savings in the Principal is $58.4 …

APFC Board Elects Officers, Takes Steps to Strengthen Governance

In Board of Trustees by Juliette Alldredge

FAIRBANKS, Alaska – The Board of Trustees of the Alaska Permanent Fund Corporation (“APFC”) held a meeting in Fairbanks and via Teams Webinar on July 24, 2024. Board action items included the approval of APFC’s Investment Policy Statement (IPS), which includes the new FY25 asset allocation and adoption of additional staff-proposed edits. Following reports from the Audit and Governance Committees …

APFC Governance Committee Advances Modernization Efforts

In Board of Trustees by Juliette Alldredge

JUNEAU, AK — The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees Governance Committee convened today to advance ongoing efforts to modernize and enhance the Corporation’s governance practices. The committee reviewed recommendations to communications and governance policies, including updates to investment advisory, audit, cybersecurity, and communications protocols. The recommendations aim to align APFC’s governance framework with industry best practices and …

A New Fiscal Year: Committed Revenue

In News by Juliette Alldredge

June 30th marked the end of Fiscal Year 2024. At the end of July, the preliminary, unaudited FY24 financial statements will be available online at apfc.org/report-archive. July 1st marked the beginning of Fiscal Year 2025. At the start of each fiscal year, APFC commits funding for the Percent of Market Value (POMV) draw for the following year – in this …

Audit Committee Holds Risk Assessment and Audit Plan Review

In Uncategorized by Juliette Alldredge

The Board of Trustees Audit Committee of the Alaska Permanent Fund Corporation (APFC) held a virtual meeting via webinar on Thursday, June 6, 2024. The committee members met with KPMG, the Corporation’s auditors, to review the risk assessment and annual audit plan. “It is our mission to maintain the highest standards of financial integrity by providing our stakeholders in Alaska …

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APFC Board of Trustees Meeting & Reception in Utqiagvik

In Board of Trustees by Juliette Alldredge

The Board of Trustees schedules one meeting each year in a remote location to encourage engagement across Alaska. On May 29 and 30, APFC will be in Utqiagvik, the largest city in the North Slope Borough located north of the Arctic Circle. JOIN US: APFC Quarterly Meeting of the Board of Trustees Wednesday & Thursday, May 29-30, 2024 North Slope …

APFC Board of Trustees Governance Committee Meeting – May 20, 2024

In Uncategorized by Juliette Alldredge

The Alaska Permanent Fund Corporation (APFC) Board of Trustees’ Governance Committee will hold a virtual meeting on May 20, 2024, at 1:00 p.m. to discuss potential amendments to the governance policies and the personnel management plan. The public is invited to attend the meeting via Webinar (information listed in the agenda linked below), or telephonically. May 20, 2024 APFC Board …

APFC Acknowledges Public Access to Executive Session

In Board of Trustees, News by Juliette Alldredge

JUNEAU—The Alaska Permanent Fund Corporation (APFC) was alerted to the fact that the Board of Trustees’ executive session held during the May 8, 2024, Special Meeting was accessed by members of the public. APFC is concurrently assessing and conducting a forensic analysis of the compromised session.