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BBNC COVID-19 Assistance Program

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IMPORTANT: Please register for a myBBNC account at myBBNC.net to ensure your address and banking information are updated.

UPDATE: December 1, 5:00 p.m.

The application period is now closed. If you have questions about the status of your application, please call BBNC at 907-278-3602 or email caresact@bbnc.net.

UPDATE: November 15, 2021

We appreciate your patience as we work to process the gifting packets received for new shareholders to qualify for the BBNC COVID-19 Assistance Program (BCAP). The deadline to submit the required documents is November 15 at 5:00 p.m. Alaska time to be eligible for BCAP funds.
The BCAP application deadline for CURRENT BBNC shareholders has been extended to Wednesday, December 1 at 5:00 p.m. Alaska time. For fastest processing, apply online at myBBNC.net.
If you have any questions or need assistance regarding the BCAP or gifting shares, please contact BBNC’s Shareholder Services department at (907) 278-3602 or caresact@bbnc.net.

UPDATE: October 12, 2021

Applications for the BBNC COVID-19 Assistance Program (BCAP) are open. The application must be completed, signed, and submitted to BBNC no later than November 15, 2021 at 5:00 p.m. Alaska time. For fastest processing, please login to your myBBNC account (application fields will be pre-populated for your convenience). You can also download the paper forms below and mail, email, or fax to BBNC. Please open applications in either Adobe, Chrome, or Explorer.

RESOURCES:

BBNC COVID-19 Assistance Program Guidelines
BBNC COVID-19 Assistance Program FAQ’s


UPDATE: October 5, 2021

The application for the BBNC COVID-19 Assistance Program will be available the week of October 11, 2021. Eligible shareholders who apply will receive $1,800.00. Program criteria and eligibility requirements will be available soon. Shareholders will have the option to apply through the myBBNC portal (for fastest processing), or by downloading, printing and mailing a paper application to BBNC. Applications will be due by 5:00 p.m. Alaska time on Monday, November 15, 2021. Register for the myBBNC portal now so you’re ready to apply, and ensure your address and banking information is up-to-date.

August 30, 2021

Bristol Bay Native Corporation (BBNC) is grateful for the opportunity to assist our shareholders with incoming CARES Act relief funds as new variants and COVID-19 cases continue to rise throughout Alaska and impact our communities. BBNC’s leadership team is currently reviewing the U.S. Department of Treasury’s guidelines for the funding—which contains strict instructions on how the CARES Act relief funds may be used—to determine the specifics of a distribution plan.

BBNC received $16.9 million in CARES Act relief funds that will help BBNC assist our people and communities to address the impacts from the pandemic. BBNC is planning to offer emergency assistance to shareholders who have been financially impacted by the pandemic and is working on establishing a secure application process for needs-based assistance. We will determine the dollar amount that will be available per qualified shareholder applicant once we have more information. We are also exploring other options to ensure the funds are utilized where they can be most beneficial to those experiencing hardships from the pandemic. Relief funds must be distributed to qualified shareholder applicants by no later than December 31, 2021, but we anticipate making most distributions before that date.

Shareholders should be aware that federal restrictions prevent us from paying out a special dividend with CARES Act relief funds. We ask for your patience and understanding while we develop and work on an efficient and reliable system for this new process and application.

A total of $8 billion in Tribal relief funding was allocated by the CARES Act, but the U.S. Treasury did not begin making payments to Alaska Native Corporations (ANCs) until recently. The U.S. Treasury allocated nearly $443.9 million to ANCs, which include 12 regional corporations and more than 190 village corporations. The amount allocated to ANCs is less than 6 percent of the total allocated for Tribal relief nationwide.

We will keep shareholders informed of additional details as soon as they are available on this webpage.