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Financial Highlights
As shown in Figure A, the LTF enjoyed strong investment returns for the fifth consecutive year in Fiscal Year 2007, helping assets to grow to $5,333 million, versus $2,595 million in 2003, an increase of 105.5%, over the past five years.
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Figure B illustrates the substantial long term growth in the LTF's net asset value from contributions and investment return (after distributions and expenses). Twenty-five years ago, at the end of fiscal year 1982, the net asset value of the LTF was $107 million, substantially below the $5.3 billion reached at the end of fiscal year 2007. The tremendous growth of the LTF over this period reflects the generosity of the many benefactors supporting UT System as well as investment returns earned by the LTF. FY 2007 was another remarkable year, with contributions to the LTF reaching $363 million. Over the twenty-five year period, the sum of the contributions received was $2.7 billion. The investment return over this same period was $4.6 billion. However, since distributions are paid out of investment income, the net investment addition to the total LTF was $2.6 billion.
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