1972
CIRI incorporated
1976
Legislation enacting the Terms and Conditions for Land Consolidation and Management in the Cook Inlet Area (T&C) passes Congress, which allows CIRI to select resource-rich lands in the region and bid on federal properties in other parts of the U.S.
1977
CIRI builds its first commercial real estate investment, the CIRI Building, which houses the company’s headquarters for the next 38 years
1980
CIRI pays first dividend of $1.15 per share (or $115 per 100 shares) to Shareholders
1982
Regional corporations sign Section 7(i) Agreement, which requires land-owning regional corporations to distribute 70% of revenues received from certain resources into a common pool to be allocated among the 12 regional corporations
1983
The first Peak Alaska Invitational Golf Tournament (now the CIRI Golf Classic) is held, with proceeds benefitting The CIRI Foundation
1985
CIRI holds its first Friendship Potlatch
1988
1991 Amendments to ANCSA signed into law, which allow Alaska Native corporations to expand Shareholder enrollment eligibility
1995
To provide an additional avenue for Shareholder input, CIRI establishes three Shareholder Participation Committees—Anchorage; Alaska (outside Anchorage); and Lower 48 and Hawaii
2003
CIRI establishes and funds an Elders’ settlement trust
2006
CIRI and The CIRI Foundation introduce an informal CIRI Descendant registration process (process is formalized to include Descendant identification cards in 2014)
2012
Fire Island Wind begins commercial operation
2015
CIRI’s headquarters moves to the Fireweed Business Center in Anchorage
2018
A magnitude 7.1 earthquake hits Anchorage. CIRI’s Fireweed Business Center sustains only minor damage during the quake
2019
Shareholders vote to establish the CIRI Settlement Trust (CST), which allows both Shareholders and the corporation to take advantage of significant tax savings
2020
The COVID-19 pandemic hits U.S. shores in January. CIRI transitions to a work-from-home model from March 2020 through June 2021
2021
CIRI receives its allocation of Coronavirus Aid, Relief, and Economic Security (CARES) Act funding in the amount of $111.8 million. CIRI works with its tribally designated organizations to benefit CIRI stakeholders negatively impacted by the COVID-19 pandemic
2022
For the first time in CIRI’s history, Shareholder distributions from CST Distribution Fund exceed $10 per share. CIRI and the CIST have paid cumulative distributions totaling more than $1.2 billion to CIRI Shareholders
