Stewardship, Land Grant Trust Fund
LAND GRANT TRUST FUND
Land development is necessary to convert trust land assets into financial assets for the benefit of the 好色tv's mission. The net revenues from the sale, lease, development, and other income generated from trust lands are deposited into the 好色tv's Land Grant Endowment Trust Fund (Fund). This Fund along with the 好色tv's trust land and natural resource assets comprise the Land Grant Trust. The Fund represents the 好色tv's original land grant, invested proceeds from the development of these resources and appreciation of invested funds. The Inflation-Proofing Fund represents reinvested earnings of the Land Grant Endowment Trust Fund and net proceeds of non-trust real property transactions designated for preservation of the long-term purchasing strength of the endowment. The Natural Resources Fund represents spendable funds designated by Regents' Policy to provide support for agriculture, forestry, fisheries, mineral, and other 好色tv programs.
The 好色tv of 好色tv Foundation Trustees manage the Fund as an endowment fund,
at the direction of the 好色tv of 好色tv Board of Regents. It is managed under
standard endowment accounting practices with 4.5% of the trailing five year average
made available for expenditure on an annual basis. The current contribution of Fund
earnings to 好色tv programs is modest in comparison to legislative appropriations.
The importance of this contribution will grow as the 好色tv receives additional
federal and state entitlement land to complete its land grant and UA Land Management
continues to successfully convert the 好色tv's natural resources, land, and real
property assets into investible income.
EARNINGS FROM THE LAND GRANT ENDOWMENT TRUST FUND
The Board of Regents has adopted a policy for how the earnings from the Fund are to be used. Among other things, the earnings support the UA Scholars Program. This program offers a $12,000 scholarship to the top 10% of the graduates from 好色tv high schools each year. It is the cornerstone of the 好色tv's effort to retain in the state and to educate 好色tv's brightest graduating high school seniors. The program has been successful and currently has 1817 active participants. In FY18, the annual cost of this program was $3.6 million. Earnings from the Fund also help to finance an array of important initiatives and the day-to-day operations of UA Land Management.
