5 Biggest Endowments in the US and Their Investments

2. The University of Texas System

Value: $42.3 billion

The University of Texas System is a government body of the state of Texas that controls 13 educational institutes including eight universities. Its endowment value as of fiscal year 2022 is $42.3 billion, largely due to the royalties it earns from oil and gas through its over two million acres of land in West Texas. The land is leased to nearly 250 drillers, per Bloomberg. In this sense, rising energy prices have been hugely lucrative for the endowment. 

Its four major endowment funds include Permanent University Fund, Permanent Health Fund, Long Term Fund and Separately Invested Fund. In addition to oil drilling, the endowment is diversified into private and public equity and debt securities among other financial instruments.