The Short Intermediate Term Fund (SITF) was established December 3, 1992, by the Board of Regents of The University of Texas System (the "Board") and commenced operations on March 1, 1993. The SITF served as a pooled investment vehicle for operating funds of The University of Texas System component institutions and System Administration. Operating funds are defined as those with an investment horizon of one to five years. The SITF also served as the source of self-liquidity for the UT System's $350 million commercial paper program and for the series 2001A revenue bonds. The SITF is structured as a mutual fund where participants can purchase or sell units at market value weekly on Wednesdays and the first business day of each month. The SITF's income is either reinvested or distributed to the unitholders monthly. The SITF's structure allows for greater economies of scale, enhanced flexibility, and centralized, full-time professional management. All units of the SITF were liquidated January 31, 2006. The proceeds were allocated to the Short Term Fund or the newly created Intermediate Term Fund.
An endowment is a permanent investment in the future of the University. Endowed funds are invested, rather than used
as cash for immediate needs. A portion of the earnings from an endowment is distributed to the University.
The remainder is added back into the principal, ensuring steady growth of the endowment. Private endowments are primarily invested in units of the Long Term Fund.
Development staffs at each campus or at the U.T. System are available to assist donors to structure gifts to provide the greatest positive
impact to the institution and the donor. To contact a development officer at one of the 15 U.T. System institutions, or
at the U.T. System itself, please see our list of campus development offices or contact the
U.T. System Development Office.
For more information concerning existing endowments, please visit the
U.T. System Estates and Trusts website.
