The University of Texas at Austin relies on a number of sources of revenue. Tuition, state funding, and distributions from the Available University Fund comprise the vast majority of academic core funding in the university’s budget. Gifts and endowments provide additional resources greatly enhancing academic programs. Research contracts and grants support UT Austin’s research enterprise, and revenues generated by the institution’s self-supporting auxiliary enterprises fund the provision of services and activities that complete the first-class UT Austin experience.
State General Revenue
The State of Texas provides UT Austin annual funding from the State Treasury (called General Revenue) through a variety of funding formulas (primarily based on enrollment), as well as certain non-formula items. State support for UT Austin, and other public institutions of higher education in general, has declined over the last few decades, putting more pressure on other sources of revenue throughout higher education. For example, in the 1990-91 fiscal year, the State of Texas provided 34 percent of The University’s total budget. Since that time, state funding has stagnated while the University has grown, placing pressure on other funding sources. In the 2020-21 fiscal year, state General Revenue funding accounts for just over 10 percent of the total budget.
Available University Fund (AUF)
In 1876, the Texas Constitution set aside 2.1 million acres in West Texas to support The University of Texas and Texas A&M systems; these assets comprise the Permanent University Fund (PUF). Oil/gas and other mineral income are invested and a percentage of the return, along with surface income (largely grazing leases and power generation), are deposited into the Available University Fund (AUF) and distributed to both university systems. UT Austin receives a portion of these funds to support its academic programs and campus operations.
Gifts and Endowments
The University is fortunate to receive numerous gifts and endowments, thanks to the generosity of donors. Most of these endowments are dedicated to specific purposes such as scholarships and the support of faculty studying particular disciplines. Other gifts are made for specific purposes, such as the construction of new buildings.
Research Grants and Contracts
As one of the world’s leading research universities, UT Austin receives substantial funding in the form of grants and contracts from external entities, including federal, state and local governments as well as private entities. The use of these funds by the research and sponsored projects they support often are strictly spelled out in the terms of the contract or grant. Due to the qualifications placed on these revenues they are often referred to as Restricted Funds.
Auxiliary Enterprises and other Self-supporting
Auxiliary enterprises provide goods or services to students, faculty, staff, and/or the general public and charge fees directly related to the cost of the good or service. With few exceptions, UT Austin auxiliary enterprises must support their costs with their own revenue generation, and are therefore regarded as self-supporting. Primary examples include Intercollegiate Athletics, University Housing & Dining, Parking and Transportation, and the AT&T Hotel & Conference Center. In addition, there are other self-supporting programs within The University that may be operated from the academic or administrative side of campus.
Other Sources of Revenue
A number of other sources of revenue help support UT Austin, including budgeted balances, interest income, intellectual property income, administrative fees, among many others.
FAQs
The University of Texas at Austin relies on a number of sources of revenue. Tuition, state funding, and distributions from the Available University Fund comprise the vast majority of academic core funding in the university's budget. Gifts and endowments provide additional resources greatly enhancing academic programs.
How much money does UT Austin get from the state? ›
Over the decades, the percentage of funding from the state has fallen from 34% of UT-Austin's annual budget in the 1990-91 school year to just 10% in 2020-21, forcing the university to seek other means of funding, including private donations.
Is UT Austin for profit university? ›
Is UT Austin for profit or nonprofit? The University of Texas at Austin is a public college. All public colleges are not-for-profit.
What makes The University of Texas at Austin unique? ›
UT Austin is proud to be one of the world's leading research universities, with an internationally distinguished faculty including winners of the Nobel Prize, Pulitzer Prize, National Medal of Science, Wolf Prize, and countless other awards.
What is The University of Texas at Austin known for academically? ›
The most popular majors at University of Texas at Austin include: Biological and Biomedical Sciences; Engineering; Communication, Journalism, and Related Programs; Business, Management, Marketing, and Related Support Services; Social Sciences; Multi/Interdisciplinary Studies; Health Professions and Related Programs; ...
What are the sources of revenue for UT Austin? ›
The University of Texas at Austin relies on a number of sources of revenue. Tuition, state funding, and distributions from the Available University Fund comprise the vast majority of academic core funding in the university's budget. Gifts and endowments provide additional resources greatly enhancing academic programs.
What are the sources of revenue in Texas? ›
The largest sources of state tax revenue are: sales taxes. the franchise tax (the state's primary business tax) motor vehicle-related taxes.
Is UT Austin richer than Harvard? ›
Harvard University may lose the title of the nation's wealthiest university, Bloomberg reported. The potential new wealthiest university is the University of Texas, which may overtake Harvard's $53.2 billion endowment, as of June 21. The value of the Texas endowment at that time was $42.9 billion.
Why is UT Austin so prestigious? ›
Graduate students choose the university for its reputation for academic excellence, its commitment to research and teaching, and its location. Austin, Texas is a vibrant city that offers a thriving art and music scene, delicious food and beautiful parks and lakes to explore.
How rich is University of Texas at Austin? ›
| Characteristic | Endowment fund value in billion U.S. dollars |
|---|
| The University of Texas, TX | 42.67 |
| Yale University, CT | 41.38 |
| Stanford University, CA | 36.3 |
| Princeton University, NJ | 35.79 |
9 more rowsMay 22, 2024
Overall, UT Austin's location provides a great combination of job opportunities, cultural attractions, and outdoor activities, while still having a few drawbacks like hot summers and a less robust public transportation system.
What is the reputation of The University of Texas at Austin? ›
University of Texas at Austin Rankings
University of Texas at Austin is ranked #32 out of 439 National Universities. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.
What is the gender ratio at UT Austin? ›
University of Texas at Austin has a total undergraduate enrollment of 41,309 (fall 2022), with a gender distribution of 43% male students and 57% female students.
What makes UT Austin different from other universities? ›
Ranked among the biggest and best research universities in the country, UT Austin is home to more than 51,000 students and 3,000 teaching faculty. Together we are working to change the world through groundbreaking research and cutting-edge teaching and learning techniques.
What is the hardest major to get into at UT Austin? ›
That being said, generally speaking, more competitive majors at UT Austin include Computer Science, Engineering, and Business. Majors within the College of Liberal Arts, College of Natural Sciences (excluding Computer Science), and the College of Education tend to have slightly higher acceptance rates.
Is UT Austin a public ivy? ›
UT Austin came in as one of Forbes' 10 "Public Ivies" and, of the 10, is the one with the largest undergrad enrollment. Below is the full list: Binghamton University (undergrad enrollment: 14,752; acceptance rate: 42%) Georgia Institute of Technology (undergrad enrollment: 16,183; acceptance rate: 17%)
How much money does Texas get from the government? ›
Texans sent the federal government $261 billion in taxes in 2016, and the state government received $39.5 billion in grants in return, or about 15 percent of our total federal tax tab. Those grants were the state's second-largest revenue source, providing more than a third of its net revenue in that year.
How much is UT Austin out of state tuition before aid? ›
Fall & Spring Semesters for Full-Time Undergraduate
| Resident who lives on campus or off campus | Non-Resident |
|---|
| Tuition | $10,858-$13,576 | $40,582-$48,712 |
| Housing and Food | $14,136-$14,840 | $14,840 |
| Transportation | $1,682 | $1,682 |
| Books, course materials, supplies, and equipment | $724 | $724 |
2 more rowsThe acceptance rate at UT Austin is 31.4%.
For every 100 applicants, 31 are admitted. This means the school is very selective.
How much money does the University of Texas get from oil? ›
The revenue flows into the System's Permanent University Fund and the Available University Funds. The PUF has received between $500 million and $2.1 billion from oil and natural gas activities each year since 2010, said Catherine Frazier, UT Systems director of media relations.
