The Permanent University Fund (PUF) is a public endowment contributing to the support of eligible institutions of The University of Texas System and The Texas A&M University System as provided in Article VII, Section 18 of the Texas Constitution.
The PUF was established in the Texas Constitution of 1876 through the appropriation of land grants previously given to The University of Texas at Austin plus one million acres. The land grants to the PUF were completed in 1883 with the contribution of an additional one million acres of land. Today, the PUF contains approximately 2.1 million acres of land located in 24 counties primarily in West Texas.
The promise inherent in the establishment of the PUF over 120 years ago continues to be realized. Today, the PUF provides support to 17 institutions of the UT and A&M Systems in providing educational opportunities to more than 180,000 students across the State of Texas.
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.