How do I know if I have a IIM account?
If you have any questions regarding your Individual Indian Money Account (IIM), please call our Trust Beneficiary call center at 1-888-678-6836. You may also visit the website at www.doi.gov/ost/about_us/contact-us in order to locate your Agency point of contact.
What is an IIM account?
An Individual Indian Money (IIM) account is an interest-bearing account managed by the Department of the Interior, Bureau of Trust Funds Administration (BTFA) on behalf of an individual who has money or other assets held in trust for them by the Federal government.
How do I get my Native American money?
Money for tribe’s come in a couple different ways; dividends or gambling revenues. Dividends can come from the government to be distributed to tribes and their members based on the tribes history with government. They can receive compensation for land disputes or things like land rights.
What is the Cobell trust settlement?
The Cobell settlement was approved by Congress on November 30, 2010 (Claims Resolution Act of 2010) and signed by President Obama on December 8, 2010. The $3.4 billion Cobell Settlement includes a $1.9 billion Trust Land Consolidation Fund and $1.5 billion in direct payments to class members.
How much does the government pay Native American?
The Department of the Interior and the United States Attorney General announced this week that the federal government will pay 17 native American tribes $492 million, settling claims that the government mismanaged tribal resources for years.
How much money is in the Indian trust fund?
$634 million
How much money is in the Indian Trust Fund today? At present, the Indian Trust balance sits at over $634 million. This money is mostly divided into two types of Indian Moneys held in trust: $400 million in Capital Moneys: All money that comes from the sale of surrendered lands or capital assets.
Who was Cobell et al suing?
Norton and Cobell v. Babbitt) is a class-action lawsuit brought by Elouise Cobell (Blackfeet) and other Native American representatives in 1996 against two departments of the United States government: the Department of Interior and the Department of the Treasury for mismanagement of Indian trust funds.
Does the government owe Native American money?
Federal Government To Pay Long-Overdue $940 Million To Native American Tribes. In the latest of a series of major settlements with Native American tribes, the Obama administration has agreed to pay $940 million for failing to compensate tribes for services that they carried out.