Like many countries, several U.S. states have created sovereign wealth funds to finance certain services (typically public education) or to provide general revenue to the state government itself.[1][2] This article comprises the known such funds and their monetary amounts.

Table

Rank State Fund Assets Origin
Value (in billions) As of Ref.
1 Alaska Alaska Permanent Fund 74.455 December 2022 [3] Petroleum
2 Texas Permanent School Fund 55.624 August 2022 [4] Commodity / petroleum
3 Permanent University Fund 31.763 August 2022 [5]
4 New Mexico New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum
5 Wyoming Wyoming Permanent/Endowment Funds 12.6 March 2017 [7] Minerals
6 North Dakota North Dakota Legacy Fund 8.2 November 2022 [8] Petroleum
7 Alabama Alabama Trust Fund 2.5 June 2016 [9] Petroleum
8 Utah State School Fund 2.0 March 2015 [10] Public lands
9 Oregon Oregon Common School Fund 1.4 December 2016 [11] Public lands
10 Louisiana Louisiana Education Quality Trust Fund 1.3 June 2016 [12] Petroleum
11 Montana Coal Severance Tax Trust Fund & Public School Trust 1.2 June 2016 [13] Fossil fuels / Public lands

See also

References

  1. ↑ Brenna Erford; et al. (2016-06-29). "Louisiana Voters to Decide on Severance Tax-Based Sovereign Wealth Fund". The Pew Charitable Trusts. Retrieved 2017-04-15.
  2. ↑ "From Volatile Severance Taxes to Sustained Revenue". The Pew Charitable Trusts. 2016-10-06. Retrieved 2017-04-15.
  3. ↑ "Our Performance". Alaska Permanent Fund Corporation. Retrieved 2023-02-10.
  4. ↑ Texas Permanent School Fund: Annual Comprehensive Financial Report (PDF) (Report). Texas Education Agency. 2022-08-31. p. 19. Retrieved 2023-02-10.
  5. ↑ Financial Statements and Independent Auditor's Report: Permanent University Fund (PDF) (Report). The University of Texas/Texas A&M Investment Management Company. 2022. p. 5. Retrieved 2023-02-10.
  6. ↑ 2021 Report to Stakeholders (PDF) (Report). New Mexico State Investment Council. 2021. p. 4. Retrieved 2023-02-10.
  7. ↑ Wyoming State Treasurer's Office (2017-03-31). "Wyoming State Investment Portfolio" (PDF). Wyoming State Government. Retrieved 2017-04-15.
  8. ↑ Retirement & Investment Office (2023-01-28). "Legacy Fund". North Dakota State Government. Retrieved 2023-01-28.
  9. ↑ Office of State Treasurer (2017). "Alabama Trust Fund". Alabama State Government. Retrieved 2017-04-15.
  10. ↑ Utah State Treasurer (2017). "State School and Institutional Trust Funds". Utah State Government. Retrieved 2017-04-15.
  11. ↑ Oregon State Treasury (2017). "Funds Under Management". Oregon State Government. Retrieved 2017-04-15.
  12. ↑ Louisiana Department of the Treasury (2016). "Louisiana Education Quality Trust Fund 2016 Annual Report" (PDF). Louisiana State Government. Retrieved 2017-04-15.
  13. ↑ "Montana Board of Investments 2016 Annual Report" (PDF). Montana Board of Investments. 2016-12-28. Retrieved 2017-04-15.
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