Page 29 - FY20 Annual Report Land Trusts Protection Advocacy Office_ Beneficiary Reports

Beneficiary Summary

COLLEGES OF EDUCATION (NORMAL SCHOOLS) TRUST

COLLEGES OF EDUCATION

Acreage - Surface 4,632 (0.14%)

Acreage - Mineral 20,792 (0.46%)

Total Permanent Fund Balance $6,201,043

FUND RETURN %

FY 2020 -3.9%
3-Year Annualized 1.8%

5-Year Annualized 3.0%

10-Year Annualized 7.7%

Distribution Formula for Colleges of Education (Normal Schools) Trust

(4% x 12-QTR average previous fiscal year end) = Total FY Distribution Amount

APPLIED FORMULA FOR FY20: (4% x $5,158,522) = $206,341*

Total trust distribution is subject to a 4% cap against the 12- 2019 % OF DISTRIBUTION
QTR market value average. Distributions from the Colleges of UNIVERSITY DEGREES DISTRIBUTION AMOUNT
Education (Normal Schools) Trust are made once annually after
graduation data becomes available. Each college of education University of Utah 70 5.58% $11,518
receives a percentage of the total trusts' distribution based on
teaching degrees awarded by that university. Distributions from Utah State Univeristy 687 54,78% $113,043
the Colleges of Education (Normal Schools) Trust are made once
annually after graduation data becomes available. Each college
of education receives a percentage of the total trusts' distribution Weber State University 87 6.94% $14,316
based on teaching degrees awarded by that university.
Southern Utah University 104 8.29% $17,113
Dixie State University 64 5.10% $10,531
SURFACE ACRES: Utah Valley University 242 19.30% $39,820
4,632 Total 1,254 100% $206,341

MINERAL ACRES: Colleges of Education Trust Distributions
20,792 FY 2016 $103,342

FY 2017 $83,628

COLLEGES OF EDUCATION (NORMAL FY 2018 $179,043
SCHOOLS) TRUST FUND BALANCE FY 2019 $190,110
$6,201,043 FY 2020 $206,341

As of 6/30/2020 Calculated FY 2021 Distribution $227,405

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