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  Texas Permanent University Fund (PUF) The Texas Permanent University Fund (PUF) is a long-standing state constitutional endowment fund created to support public higher education in Texas, primarily benefiting the University of Texas System and the Texas A&M University System . 1. Overview The PUF is a permanent sovereign-style educational fund established under the Texas Constitution of 1876 . It was created using large land grants in West Texas intended to generate long-term revenue for higher education. Its core purpose is to: Provide stable long-term funding Support capital projects and infrastructure Strengthen public universities in Texas The fund is designed so that the principal is never spent , only investment returns and land income are distributed. 2. Asset Base The PUF is backed by two major asset sources: 🌍 Land Holdings Around 2.1 million acres of land in West Texas Revenue from: Oil and gas royalties Mineral leases Grazing and surface leases Wind and pipel...

  New Mexico Land Grant Permanent Fund (LGPF) The New Mexico Land Grant Permanent Fund (LGPF) is one of the largest state-level permanent funds in the United States. It functions as a long-term investment fund designed to convert revenues from state trust lands—especially oil, gas, and mineral resources—into a stable source of funding for public services, most notably education. Origin and Legal Basis The LGPF traces its origins to the U.S. land grants provided to New Mexico prior to statehood , primarily through the Fergusson Act (1898) and the Enabling Act (1910) . These laws transferred approximately 13.4 million acres of land and mineral rights to the territory, on the condition that revenues be used to support public institutions, especially schools. When New Mexico became a state in 1912 , these lands were formally placed into a permanent trust structure, establishing the foundation of the fund. Purpose The core purpose of the LGPF is: Preserve the principal as a permanent...

  Texas Permanent School Fund (PSF) Introduction The Texas Permanent School Fund (PSF) is one of the largest and oldest sovereign-style public investment funds in the United States. Established in 1854 by the State of Texas, the fund was created to support public education by generating long-term investment returns for Texas public schools. Today, the PSF manages a diversified global portfolio valued at more than US$60 billion, providing financial support to millions of students across Texas. The fund operates under the oversight of the Texas State Board of Education and is designed to preserve capital while generating sustainable returns for future generations. Fund Profile Item Details Fund Name Texas Permanent School Fund (PSF) Established 1854 Location Austin, Texas, United States Ownership State of Texas Managed By Texas State Board of Education Assets Under Management More than US$60 Billion Primary Objective Support Texas public education Investment Strategy Diversified glob...