What is the AUF? How much of it supports UT Austin?
The Available University Fund (AUF) is the annual spendable income from the Permanent University Fund. One third of the AUF goes to the Texas A&M System and two thirds to the UT System. Of the UT System share, 45 percent is dedicated to UT Austin to foster excellence. There is a common misperception that UT Austin commands the resources of the $7.5 billion Permanent University Fund. While the PUF is managed by the UT System on behalf of all beneficiaries, it is not even predominantly dedicated to UT Austin. One-third of the PUF supports the Texas A&M System. The division of AUF income by the UT System implies that a little over 30 percent of the PUF supports UT Austin. The effective value of the PUF endowment for UT Austin is about $2.5 billion.
