In 1971, the Alaska Native Claims Settlement Act, known as ANCSA, was signed into law by President Nixon.
ANCSA is the largest land claims settlement in United States history. ANCSA also provided for the creation of Native regional corporations and individual village corporations within each region.
The settlement resolved the issues around the land claims of Alaska Native peoples by transferring government-held titles of Alaska land to twelve Alaska Native regional corporations and more than 200 village corporations created under the Act.
The lands, assets, and businesses are owned by the shareholders of the Alaska Native Corporations. Each corporation is a for-profit organization with unique social responsibilities to preserve and benefit Alaska Native peoples and cultures.
Far West Inc., is the Alaska Native Village Corporation that stewards our lands and resources to benefit the traditional people of Chignik Bay, on the remote southern end of the Alaska Peninsula.
WHAT DO WE DO?
We invest in organizations, subsidiaries, and people to maximize the return on investment for our shareholders so that they can remain committed to preserving our heritage and way of life.
Our investments are thoughtful, diligent and focused on long-term success for both our shareholders and their families, and our corporation.