Page 4 - FY 20 Annual Report: Land Trusts Protection & Advocacy Office

The Trust System

UNDIVIDED LOYALTY & FIDUCIARY DUTY
Four state agencies and one constitutional officer (the state treasurer) share trustee and
fiduciary responsibilities for trust land management, trust fund distribution, and trust
protection and advocacy. Collectively, these agencies ensure integrity, growth, and protection of
Utah's school and institutional trust lands and funds to benefit the designated beneficiaries.

Land Management Fund Investment Fund Distribution Protection & Advocacy

SITLA manages Utah's nearly 3.4 M surface acres and 4.5 M SITFO invests the nearly $2.5 billion permanent funds Annual distributions are sent to the trusts' beneficiaries. Nearly The Protection & Advocacy Office represents and protects
subsurface acres of school and institutional trust lands, depositing investment portfolio, distributing constitutionally-mandated 95% of trust fund distributions are sent to public schools. the beneficiaries' interests, provides independent trust system
revenue into the trust funds. amounts each year to the trust beneficiaries. oversight, and helps the public understand and support these
BENEFICIARIES important endowments.
3.4 M SURFACE 4.5 M SUBSURFACE $2.5 B BALANCE Public Schools Trust
TRUST FUND
AREAS
AREAS
The School Children’s Trust Section at the Utah State
Board of Education administers trust disbursements
to K-12 schools through the School LAND Trust
Program and provides training to charter and school
community councils.
Mineral, Oil, & Gas Revenue 1. Represent and protect with undivided
Charter and School Community Councils loyalty the beneficiary interests in advocating for:
Parents, principals, and school employees prepare
plans to address the unique academic needs of their • Optimal and productive generation of
trust revenue for future beneficiaries; and
students with the School LAND Trust distributions.
• Effective distribution of trust revenue to
current beneficiaries.
Development & Planning Revenue
COMPUTERS SUPPLIES TEACHERS BOOKS
Trust Fund Miners Hospital Trust
2. Represent beneficiary
Investment Distribution School for the Blind Trust interests through political
advocacy, with support and
Surface/Land Use Revenue School for the Deaf Trust oversight from the
state treasurer.
Reservoirs Trust
University of Utah Trust
3. Ensure trust goals
Colleges of Education (Normal Schools) Trust and purposes are
• University of Utah maintained.
Renewable Resource Revenue
• Dixie State University
• Southern Utah University
• Utah State University
• Utah Valley University 4. Monitor, stay informed,
• Weber State University account, and report.

School of Mines Trust
Utah State Hospital Trust

Utah State University 5. Promote and facilitate open
communication among
(Agricultural College) Trust key individuals and
organizations
Juvenile Justice Services of the trust.
(Reform School) Trust

Public Buildings Trust
4 The Trust System The Trust System 5