News from the Alaska State Legislature, the Office of Senator Bishop
For Immediate Release: April 10, 2019
PFD Raffle for Education Raises Nearly $1 million
JUNEAU – The numbers are in for the 2019 Alaska Permanent Fund Education Raffle. The program, in its first year, raised a grand total of $976,400, with 85 percent of the proceeds directly benefiting the state’s K-12 public education system.
The education raffle was created last year by Senator Click Bishop, R-Fairbanks, in House Bill 213. The program allows Alaskans to voluntarily contribute a portion of their PFD to support education and possibly win a cash prize when they submit their annual application for the Permanent Fund dividend.
“I am thrilled so many Alaskans participated in this fun, new way to support education,” said Sen. Bishop. “It’s a win-win for all Alaskans who will benefit from the larger investment in public education.”
Breakdown of the funds:
- The grand total of contributions was $976,400.
- $488,200 (50%) goes to the Department of Education and Early Development for distribution as grants to local school districts according to the average daily membership for each district.
- $244,100 (25%) goes to the education endowment fund.
- The remaining $244,100 (25%) goes to the raffle fund.
- 15% of the raffle fund is set aside for prizes according to the following distribution:
- 1st place wins $19,528 (8%)
- 2nd place wins $9,764 (4%)
- 3rd place wins $4,882 (2%)
- 4th place wins $2,441 (1%)
- The remaining balance in the raffle fund after prizes ($207,485) stays in the raffle fund to grow the prize amount in future years. The raffle fund is capped at $300 million and any amount above that is transferred to the education endowment fund.
Note: Numbers are subject to change based on eligibility of applicants.
For more information, contact Senate Majority Communications DirectorDaniel McDonaldat (907) 465-4066.
News & Videos more >
JUNEAU – Senate President Cathy Giessel, R-Anchorage, today released the following statement on the conclusion of the first special session of the 31st Alaska Legislature....
JUNEAU – With about three weeks remaining in the 2019 fiscal year, the Dunleavy administration this week distributed a one-time $20 million grant appropriated last year by the Alaska...
JUNEAU – The Alaska Senate today voted unanimously for the smallest operating budget in 15 years, resulting in a $600 million surplus.
Budget also transfers more than $10 billion to Permanent Fund’s protected principal
JUNEAU – The Alaska Legislature today voted to repeal and replace Senate Bill 91, strengthen the state’s sex crime laws, and provide police and prosecutors with new tools to fight...
JUNEAU – Earlier today, Governor Mike Dunleavy announced his intention to call a special session to address public safety, the budget and the Permanent Fund dividend....
JUNEAU – The Alaska Senate today voted unanimously to repeal and replace Senate Bill 91, strengthen the state’s sex crime laws, and provide police and prosecutors with new tools to...
JUNEAU – Senator Bert Stedman, R-Sitka, today released the following statement on the passing of former Representative Bill Williams of Ketchikan.
JUNEAU – The Alaska Senate today unanimously passed a capital budget for fiscal year 2020.
JUNEAU – The Alaska Legislature today approved a measure that improves statewide access to vaccines and reduces healthcare costs for providers and insurance payers....
Find your Senator full map
- Chugiak/Peters Creek
- Eagle River
- Jewel Lake, Kincaid, Turnagain, Lake Hood, Sand Lake, Spenard, Dimond, Campbell Lake
- Midtown, Dimond, Huffman, Klatt, Southport, Bayshore, Oceanview
- Huffman, O'Malley, Abbott, Loop, Independence Park, East Dowling
- Northeast Anchorage, Anchorage Hillside, Indian, Bird, Girdwood and Portage
- Downtown, Airport Heights, Fairview, Government Hill, Mountain View, Russian Jack, South Addition
- Spenard, Midtown, UMed
- Muldoon, JBER, College Gate, Nunaka Valley, Wonder Park
- Palmer, Butte, Eklutna, Fairview, Lazy Mountain Knik, Gateway
- Wasilla, Meadow Lakes, Knik Big Lake, Point MacKenzie, Goose Bay, North Fairview
- Mat-Su, Delta Junction, Valdez, Copper River Valley, Talkeetna, Valdez
- North Pole, Farmers Loop
- UAF & University West, Chena Ridge, Kenny Lake, Tok, Copper Center & Tanana
- Adak, Bethel, Cold Bay, Cantwell, King Cove, Nenana, Hooper Bay, Sand Point & Unalaska
- Barrow, Nome, Kotzebue, Northeast + Northwest Alaska