Page 33 - FY20 Annual Report Land Trusts Protection Advocacy Office_ Beneficiary Reports
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Beneficiary Summary
SCHOOL OF MINES TRUST
SCHOOL OF MINES TRUST
Acreage - Surface 7,052 (0.21%)
Acreage - Mineral 16,741 (0.37%)
Total Permanent Fund Balance $4,889,804
FUND RETURN %
FY 2020 -3.9%
3-Year Annualized 1.8%
5-Year Annualized 3.0%
10-Year Annualized 8.0%
Distribution Formula for School of Mines Trust
(4% x 12-QTR average previous fiscal year end) = Total FY Distribution Amount
APPLIED FORMULA FOR FY20: (4% x $3,990,265) = $159,611*
*Distribution amount is a reflection of what was paid out during FY 2020. Annual distributions are subject to a 4% cap against the
12 quarter market value average and sent in equal quarterly installments.
School of Mines Trust Distributions
SURFACE ACRES: FY 2016 $77,756
7,052 FY 2017 $62,281
FY 2018 $133,949
FY 2019 $142,232
MINERAL ACRES:
16,741 FY 2020 $159,611
Calculated FY 2021 Distribution $179,026
SCHOOL OF MINES TRUST FUND
BALANCE Trust land fund distributions for the School of Mines Trust are sent to the University of Utah,
College of Mines and Earth Sciences, to help educate and prepare professional engineers, scientists,
$4,889,804 and educators.
As of 6/30/2020
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