Endowment
The Texas A&M University System is a minority stakeholder in an endowment known as the Permanent University Fund established within Texas, and holding around $15 billion. Texas A&M’s endowment share totals approximately $5.6 billion; 10th largest in the nation and fourth among public university systems. At one time, the PUF was the chief source of income for Texas A&M, but today its revenues account for less than 10 percent of the university's annual budget. This has challenged the university to increase sponsored research and private donations.
Read more about this topic: Texas A&M University At Galveston
Famous quotes containing the word endowment:
“I wish more and more that health were studied half as much as disease is. Why, with all the endowment of research against cancer is no study made of those who are free from cancer? Why not inquire what foods they eat, what habits of body and mind they cultivate? And why never study animals in health and natural surroundings? why always sickened and in an environment of strangeness and artificiality?”
—Sarah N. Cleghorn (1976–1959)
“... it matters not what natural endowment a race may have if it prostitutes itself to the service of death.”
—Rebecca West (1892–1983)
“The parent must not give in to his desire to try to create the child he would like to have, but rather help the child to develop—in his own good time—to the fullest, into what he wishes to be and can be, in line with his natural endowment and as the consequence of his unique life in history.”
—Bruno Bettelheim (20th century)