The Intermediate Term Fund (ITF) was established February 1, 2006, as a replacement for the University of Texas System Short Intermediate Term Fund and the Institutional Index Funds. The ITF is a pooled fund for the collective investment of operating funds and other intermediate and long term funds held by UT System institutions and System Administration. The Fund was created to improve the efficiency of operating funds management and to improve investment returns on UT System operating reserves. The ITF functions as a mutual fund in which each eligible account purchases and redeems ITF units on the first business day of each month at the market value per unit at the time of purchase or redemption. A distribution is paid the first day of each month based on a percentage of each unitholder’s prior month beginning balance.
An endowment is a permanent investment in the future of the University. Endowed funds are invested, rather than used
as cash for immediate needs. A portion of the earnings from an endowment is distributed to the University.
The remainder is added back into the principal, ensuring steady growth of the endowment. Private endowments are primarily invested in units of the Long Term Fund.
Development staffs at each campus or at the U.T. System are available to assist donors to structure gifts to provide the greatest positive
impact to the institution and the donor. To contact a development officer at one of the 15 U.T. System institutions, or
at the U.T. System itself, please see our list of institution development offices or contact the
U.T. System Office of External Relations.