Stakeholder Trust

Description

David Bollier:

"Another impersonal commons model is the stakeholder trust, in which assets are managed by non-governmental trustees on behalf of a specific group of people. In Alaska, for example, the state government established the Alaska Permanent Fund to serve as a trust fund for revenues derived from the sale of oil on state lands. The Fund, now worth US$40.1 billion, generated dividends of $1,107 for every citizen in the state in 2006. In cases where a country needs to exploit mineral resources or fossil fuels not just for use value but for exchange value, the Fund offers a versatile policy mechanism for equitable sharing of (monetary) benefits from common assets while also reducing inequality and preserving other commons." (http://www.boell.org/downloads/Bollier_Commons.pdf)