On the first day of voting ahead of the 2025 Annual Meeting of Shareholders, President & CEO McHugh Pierre hosted a virtual townhall event on MyGoldbelt to introduce the proposed Elders’ Trust. The Elders’ Trust is designed to benefit Alaska Native shareholders upon reaching the age of 60. Similar to the Tináa Distributions Trust, distributions to shareholders through the Elders’ Trust would be exempt from federal tax—but unlike the Tináa Distributions Trust—the Elders’ Trust would be allowed to invest its assets with the goal of generating revenue to fund shareholder benefits in perpetuity. 

“The Board has attained such great results by focusing on our strategic plan. The proposed Elders’ Trust was born of that plan to strengthen our legacy and honor Goldbelt’s founders—the original shareholders--and to support all future Elders,” said McHugh to open the event. “Creating a trust insulates the benefit from any risk from operational uncertainty. It’s the best way to ensure Elders’ benefits are paid consistently in perpetuity.” 

The Goldbelt Board of Directors encourages a yes vote.  

Elders' Trust Overview: Goldbelt Board of Directors has carefully considered an endowed Elder benefit that would create a new legal entity to protect the endowment from business performance fluctuations. Similar to the Ancestral Trust, the Elder’s Trust would be set up like a permanent fund that could hold and invest contributions made by Goldbelt, Inc.  

How do Our Trusts Compare? 

Elder Demographics:  

We want to thank those who were able to attend today’s livestream event. The five $100 door prize winners are:  

For more information on the proposed Elders’ Trust, the entire Proxy Statement, and more visit: MyGoldbelt Election Connection: https://mygoldbelt.com/Election/Overview 

Click here for Elders’ Trust FAQs: MyGoldbelt - Proposed Elders' Trust

Watch the Recorded Livestream: MyGoldbelt - Livestream Meeting Recordings