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On November 7, 2013, a ceremony was held to celebrate the donation of $50 million from the Moody Foundation to the University of Texas at Austin College of Communication, changing its name to the Moody College of Communication and funding many new projects and college objectives. This is the largest donation in the college's history.
Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12.6: March 2017 [7] Minerals 6 North Dakota: North Dakota Legacy Fund: 8.2: November 2022 [8] Petroleum: 7 Alabama: Alabama Trust Fund: 2.5: June ...
A key provision of UPMIFA states that: "Subject to the intent of a donor expressed in the gift instrument an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which the endowment fund is established. [7]
Apr. 15—AAround $53 billion in state assets sit with the New Mexico State Investment Council. That's over five times more than the record-breaking $10.21 billion budget the governor in March ...
The name of the fund comes from the purpose of the fund: a sum of equity used to permanently generate payments to maintain some financial obligation. Also, a fund can only be classified as a permanent fund if the money is used to report the status of a restricted financial resource.
The Texas Permanent School Fund is a sovereign wealth fund which serves to provide revenues for funding of public primary and secondary education in the US state of Texas. [2] Its assets include many publicly owned lands within Texas and various other investments; as of the end of fiscal 2020 (August 31), the fund had an endowment of $48.3 ...
Mark Jobe, founder of the multisite New Life Community Church, became the new president in January 2019. [14] In July 2019, Jobe announced a long-range plan to redevelop portions of Moody's campus. [15] Proceeds from the sale of 8.1 acres would be earmarked for campus improvements, scholarships, endowment, and financial reserves. [16]
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]