To support the University of Houston’s goal of achieving a ranking among the Top 50 public universities, UH requested the legislature create a new state-supported endowment of at least $1 billion to support that vision. As a result, the legislature has created the Texas University Fund (TUF) to support the University of Houston, Texas Tech University, Texas State University and University of North Texas, with an investment of approximately $3.9 billion into the fund.
The University of Houston’s share of the fund will be approximately $1.35 billion. The fund will continue to grow over time as the legislature has also proposed that up to $100 million be added to the fund every year from the state’s economic stabilization fund. Use of the funds will be limited to research-related expenditures.
In November 2023 voters of the State of Texas approved it in a constitutional election.
We are extremely appreciative of the leadership of this state for their vision in seeing what the University of Houston can be with additional state support. We are especially grateful to Governor Abbott, Lt. Governor Dan Patrick, Speaker Dade Phelan, the authors of the bills, Chairman Greg Bonnen and Chairwoman Joan Huffman, UH alumni, Senators John Whitmire and Carol Alvarado, Representatives Armando Walle and Dennis Paul, and others including Senator Borris Miles. Their efforts on our behalf will result in UH achieving its vision of becoming a Top 50 public university.