Fund

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Funds generated on School Trust Lands are transferred to the School and Institutional Trust Funds Office (SITFO) to be managed by the SITFO Board and Office. This is the link to the newly created School and Institutional Trust Fund Board and Office.  https://sitfo.utah.gov/ 

The photo above is Treasurer David Damshen being sworn in as the State Treasurer of Utah.  The State Treasurer is the chair of the SITFO Board.

The Utah Enabling Act and Utah Constitution require the establishment of a permanent school fund. The permanent State School Fund has grown from $18 million (1983) to over $2.3 billion (2017) because of the involvement of the education community, support of the legislature, increasing revenues coming from the land and the prudent investment of the fund.  The annual distribution from the permanent fund provides revenue for the School LAND Trust Program.

In 2017 Utah public schools received over $64 million dollars through the School LAND Trust Program.