An Alaska Native Corporation is a company that is, at least, 51% owned by Alaska Native Americans.
TKCIS, through its parent companies, is 100%-owned by Inupiat Eskimo representing over 11,000 individuals.
Alaska regional and village corporations were formed by an act of Congress under the Alaska Native Claim Settlement Act (ANCSA). An Alaska regional or village corporation may have hundreds and even thousands of members (or shareholders), who are all Alaska Native Americans.
ANCSA is an extraordinary initiative by the federal government to organize Alaska Native Americans into corporations, instead of reservations.
“ANCSA … was developed for a group of human beings who had a very real claim to their ancestral home in Alaska. Their connection to the land is a spiritual one that transcends complex regulatory schemes.” (Alexandra J. McClanahan, CIRI Historian).
ANCSA affected nearly 80,000 Alaska Native Americans when it was passed in 1971.