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IABS Chapter 4: Native Philanthropy
In 1966, the Hopi Tribal Council entered into a lease arrangement with Peabody Coal Company tomine natural resources on Hopi traditional territories. This lease, negotiated by the Bureau of Indian Affairs, has been fraught with controversy ever since. Today, however, the Hopi government acknowledges that the majority of the revenue for the tribal government comes from this lease arrangement, and that coal is a non-renewable natural resource. In 2000, the Hopi Tribal Council took action to ensure that some of these revenues would be preserved in perpetuity for future Hopi generations.  The Hopi Education Endowment Fund was created in November 2000 as a form of community investment, with an initial endowment of $10 million.
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