Name: UT Foundation
Assets Under Management: $1 Billion (Source: University of Tennessee System on 6/30/2011)
Annual Report: The University of Tennessee For the Year Ended June 30, 2011
Portfolio Insights: The University of Tennessee was first established as Blount College in 1794 by the legislature of the Federal Territory. In 1807, the General Assembly renamed the institution East Tennessee College, and in 1840, designated it a university.
Since its establishment, the university has grown into an institution with 20 different colleges and schools. With its campuses, various experiment stations, and extension services, the university provides services throughout the state. The university has three accredited units: the University of Tennessee (Knoxville campus, Health Science Center, Space Institute, Institute of Agriculture, and Institute for Public Service), the University of Tennessee at Chattanooga, and the University of Tennessee at Martin. (Source)
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Top University of Tennessee System Endowment Fund Headlines:
1) The University of Tennessee system is reacting to governor Haslam’s plan to provide Tennessee high school graduates with two years of free tuition to a state community college or technical school. Governor Bill Haslam unveiled the Tennessee Promise Monday night at his fourth annual State of the State address. Dr. Katie High, vice-president for Academic Affairs and Student Success with the UT system, said if the plan is approved, its impact could vary from campus to campus. She said smaller schools like UT-Martin and UT-Chattanooga could end up being affected the most. (Source)
2) The University of Tennessee, founded in 1794, is the state’s land-grant institution and is a system comprised of campuses in Knoxville, Chattanooga and Martin; the Health Science Center based in Memphis; and the statewide institutes of agriculture and public service. With a presence in all of Tennessee’s 95 counties, UT enrolls almost 50,000 undergraduate and graduate students across the state and has more than 335,000 alumni around the world. (Source)
3) Lumina grants $392,800 to University of Tennessee System of Knoxville, TN To scale up approaches to awarding associate degrees to students who transfer from community colleges to universities through reverse-transfer degrees as a key strategy in Tennessee’s degree attainment goal. (Source)
4) The University of Tennessee system is the statewide land-grant academic institution within the U.S. state of Tennessee, established by the Morrill Act of 1890. The system consists of comprehensive universities located in Knoxville, Chattanooga, and Martin, plus a medical education facility in Memphis and the graduate aerospace research institute in Tullahoma. By far the largest and most well-known of these is the flagship campus in Knoxville, which outside the state of Tennessee is held to be synonymous with the University of Tennessee. (Source)
5) The University of Tennessee system has a presence in each of Tennessee’s 95 counties. Through the combined force of its education, research, and outreach, the university serves students, business and industry, schools, governments, organizations, and citizens throughout the state. Statewide, the university provides a range of accessible and affordable educational opportunities at the undergraduate and graduate levels, as well as highly regarded professional schools. About 45,000 students are enrolled, and more than 9,000 graduate each year. More than 300,000 alumni live throughout the state, nation, and world. (Source)