Consistent with the philosophy of the Alaska Native Claims Settlement Act, the primary objective of The Eyak Foundation is to provide support for the education and cultural needs of Alaska Native and descendants of Alaska Natives, specifically those who are shareholders or descendants of shareholders of The Eyak Corporation. The Eyak Foundation, formerly the Cordova Native Foundation, was created as a 501(c)(3) nonprofit corporation in 1997. Consistent with the philosophy of the Alaska Native Claims Settlement Act (ANCSA), the primary objective of the Eyak Foundation is to provide support for the education and cultural needs of The Eyak Corporation’s shareholders and descendants. The Eyak Foundation is overseen by a volunteer Board of Trustees. The Eyak Corporation provides in-kind services to the Foundation, including office space and administrative and management services.

To provide support for The Eyak Corporation's shareholders and descendants through scholarships and cultural activities.

Support educational and cultural activities germane to the needs of Eyak shareholders, descendants and ancestral homeland.

Support all applicants, increase support based on merit, and make decisions based on Eyak values.