1/3 goes to UH. 1/3 to Tech. And 1/3 split with UNT and Texas State.
8 Likes
Thank you.
In Renuâs 2024 budget she lists $30 million from TUFs.
Thinking about it , it can take decades to get 1 billion for a school or a fundraiser just for endowment. The state finally made up for lack of funding for us and some others.
I also like the 100k property tax exemption which will help.
On school vouchers, it could hurt public schools and basically leave only poor or bad kids in the system. I doubt itâs totally a free ride into the private schools but a deduction to off set some of it but not sure. Better off people can find ways so Abbott should stop this push. Your gonna end up with very bad public schools.
2 Likes
Here is the Forbes article:
Can someone break down the money and which school gets how much.
I keep hearing an Endowment of $1.3 Billion but I also see this:
According to The Texas Tribune, initial estimates are that Texas Tech University would receive $44 million in the first year; the University of Houston would receive $48 million; Texas State Universityâs distribution would be $22 million and the University of North Texas would receive $21 million.
2 Likes
Thatâs only initial. IIRC after that we can receive up to 7% of the annual market value of the fund.
Which would equate to 91 million from 1.3 billion.
Idk why they worded things in such a confusing manner.
7% of the investment assets of the fund will be appropriated each year. 75% of that is distributed to the 4 schools. UH and Tech each get 25% and UNT/TxSt each get 12.5% of the annual appropriation. The remaining 25% of the original 7% appropriation will be paid out to the 4 schools based on performance in research expenditures (~21%) and doctoral degrees granted (~4%)
In short, our share starts at 25% annually plus additional funds based on where we stand proportionally to the 3 others in research and doctorates.
Example: If 7% of 1 yearâs appropriation is 100M. UH spends 25% of the total research and awards 25% of total doctorates.
UH gets ~31% of 100M = $31M
4 Likes
Any idea on how much one university can get of the performance-based part of the fund?
I assume it will be proportional. Itâs hard to say in $ terms without knowing what the original 7% annual appropriation is. We know the other schools will spend x on research and grant x degrees so weâll unlikely get all of it ever. 85% of the performance portion is based on research expenditures. That favors us and Tech, Iâd assume.
1 Like
Dr. Khator
14 Likes
The upcoming endowed professorships & staffs, etc gets UH to the research spending # s of recent AAU additions so much sooner.
Add
New B12 AAU additions sets up perfectly for Renu to wok the academic politics side.
Isnât it set on academic/research milestones ?
NOT what Texas is doing but hopefully in the future.
Up and coming fundraising methodology for state systems
The average guy can make a few hundred a year + .50% match count in perpetuity.
3 Likes
$1.3 Billion, on top of the $1.0 Billion puts us at $2.3 Billion
That puts us just under TCUâs $2.4 billion and in the same range as
TCU, Virginia, Tufts, George Washington and just ahead of the likes of Kansas, Case Western?, Florida, Missouri & Tulane.
4 Likes
According to the article, it seems that the state will cut us a check for $1.3B for the endowment and in addition, we will receive about $50M from the investment returns annually. $$$
As a result, UH can initially claim about $1.3 billion of the endowment and is set to receive approximately $50 million in the first year, which will grow annually depending on investment returns.
1 Like
Tech doesnât deserve a third lol
5 Likes
That list seems whack. Where is UT, A&M, Michigan etc?
At the very top of public universities they are killing us lol like 49 Billion lol
1 Like
We would be 23rd on the list of public universities. Thatâs amazing jump.
What the hell is UT doing with all that money. Greedy bastard!!!
3 Likes
I believe a lot of that puf money goes to UTâs endowment so next year they will be over $50B.
At the top!â