As of March 1, 2001, the PHF purchased 9,223,385 units in the newly created GEF. The initial number of units was based on the PHF’s contribution of its net asset value as of February 28, 2001. The determination of units and the relative fair value of the assets and liabilities were audited by Deloitte & Touche LLP and may be viewed by accessing the link provided below. Commencing March 1, 2001, reports of the PHF include the summary activity of its ownership in the GEF.
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 campus development offices or contact the U.T. System Development Office.
For more information concerning existing endowments, please visit the U.T. System Estates and Trusts website.