Official Nebraska Government Web Site




Endowments & Trusts

The Nebraska Investment Council manages the investments for several endowments and various trusts. The investment strategy for these portfolios varies based on the objectives of the portfolio.

Health Care Endowment Fund

The Health Care Endowment Fund is comprised of two distinct state trust funds. These two are the Nebraska Tobacco Settlement Trust Fund and the Nebraska Medicaid Intergovernmental Trust Fund (IGT) . Although their external contributions are different, the investments are the same and the spending policy is similar. The Nebraska Investment Council’s responsibility is managing the investments.

Asset Allocation Policy
Health Care Asset Allocation pie chart    
U.S. Equities
50.75%
International Equities
15.75%
Global Equities
3.50%
Fixed Income
25.00%
Private Equities
5.00%

 

100.00%

 

General Endowment Funds

The Nebraska Investment Council is responsible for managing the investments of the following endowment funds:

  • The Permanent School Fund - The endowment invests proceeds from the sale of school lands held in trust for public education, payments for easements and right-of-way over the lands, and royalties and severance taxes paid on oil, gas, and minerals produced from these lands.
  • The Nebraska Veterans’Aid Fund - The endowment provides emergency financial assistance to eligible veterans and dependents.
  • The Cultural Preservation Endowment Fund - The endowment supports the activities of the Nebraska Arts Council and the Nebraska Humanities Council.
  • The Agricultural College Endowment Fund - The endowment invests the proceeds from sales of land and investments endowed to the University of Nebraska’s Agricultural College by the federal government.
  • The Permanent University Endowment Fund - The endowment invests the proceeds from sales of land granted by the federal government. Income from this fund is used to support state universities, state university research programs, and capital improvements of the state universities.
  • The State College Endowment Fund - The endowment invests the proceeds from sales of land granted and investments endowed to the State Colleges by the federal government.
  • The Bessey Memorial Fund - The endowment provides aid to widows of University of Nebraska professors.
  • The Nebraska Environmental Endowment Fund – The endowment invests funds from the Lottery and private donation.
  • The Nebraska Early Childhood Education Endowment Fund - The endowment provides funding for grants to schools and community partners to provide programs serving at-risk children birth to age three.

Miscellaneous Trusts

The Nebraska Investment Council is responsible for managing the investments of the following trust funds:

  • Excess Liability Fund - This Fund was created by the Nebraska Hospital-Medical Liability Act.
  • Aeronautics Trust Fund - This Fund invests the proceeds from the sale of state-owned airfields.
  • Agricultural Development Fund - This Fund consists of money received from the U.S. Department of Agriculture.
  • Joseph J. Soukup Trust Fund - This Fund was established to provide a lifetime income benefit to Joseph J. Soukup.
  • The Drinking Water Recycled Bond Proceeds Fund - The Drinking Water Fund was created in 1997.