<P> The Alaska Permanent Fund Corporation manages the assets of both the Permanent Fund and other state investments , but spending Fund income is up to the Legislature . The Corporation is to manage for maximum prudent return , and not -- as some Alaskans at first wanted -- as a development bank for in - state projects . The Fund grew from an initial investment of $734,000 in 1977 to approximately $53.7 billion as of July 9 , 2015 . Some growth was due to good management , some to inflationary re-investment , and some via legislative decisions to deposit extra income during boom years . Each year , the fund 's realized earnings are split between inflation - proofing , operating expenses , and the annual Permanent Fund Dividend . </P>
<P> The Alaska Permanent Fund Corporation manages the assets of both the Permanent Fund and other state investments , but spending Fund income is up to the Legislature . The Corporation is to manage for maximum prudent return , and not -- as some Alaskans at first wanted -- as a development bank for in - state projects . The Fund grew from an initial investment of $734,000 in 1977 to approximately $53.7 billion as of July 9 , 2015 . Some growth was due to good management , some to inflationary re-investment , and some via legislative decisions to deposit extra income during boom years . Each year , the fund 's realized earnings are split between inflation - proofing , operating expenses , and the annual Permanent Fund Dividend . </P>
where does the permanent fund dividend come from
where does the permanent fund dividend come from
the fund 's realized earnings
the fund 's realized earnings