Back صندوق الجامعة الدائمة (تكساس) Arabic Permanent University Fund Italian Permanent University Fund Swedish
| Company type | Sovereign wealth fund |
|---|---|
| Industry | Institutional investor |
| Genre | Public Lands, Mineral Rights, Land Use Rights |
| Founded | 1876 |
| Founder | Texas Legislature |
| Headquarters | Austin, Texas , United States of America |
Key people | Paul L. Foster, chairman
|
| Total assets | US$17.5 billion (2015)[1] (does not include public land holdings) |
| Owner | State of Texas |
| Website | The Permanent University Fund (PUF) |
The Permanent University Fund (PUF) is a sovereign wealth fund created by the State of Texas to fund public higher education within the state. A portion of the returns from the PUF are annually directed towards the Available University Fund (AUF), which distributes the funds according to provisions set forth by the 1876 Texas Constitution, subsequent constitutional amendments, and the board of regents of the Texas A&M University System and University of Texas System. The PUF provides extra funds, above monies from tax revenues, to the UT System and the Texas A&M System which collectively have approximately 50 percent of state public university students. The PUF does not provide any funding to other public Universities in the State of Texas.
- ^ "2015 Annual Report" (PDF). University of Texas Investment Management Company. Retrieved September 15, 2016.