(Idaho Department of Lands Press Release, December 20, 2022; Cover photo credit: Idaho Department of Lands)
BOISE – On behalf of the Land Board, Governor Brad Little today presented a record-setting, giant check to the Capital High School students of the Capital Singers, representing the endowment money distributed to Idaho’s public schools this school year.
The distribution for fiscal year 2023 for public schools is $61,532,200, which is nearly $7 million more than the previous year.
Distributions to all beneficiaries in FY23 total $100,315,000, with 61% going to the public school beneficiaries. The distributions are the result of increased endowment land revenue combined with revenue from investments.
“We are proud to be able to give Idaho public schools this record amount of funding,” Governor Brad Little said. “This speaks to our state’s commitment to education and the school children of Idaho.”
“These endowment distribution funds are critical to Idaho schools to support and improve our state education system,” said Superintendent of Public Instruction Sherri Ybarra. “We want to thank our educators for their hard work and dedication this year and hope they recognize the Land Board’s commitment to continue these distributions to schools with our ongoing prudent management of endowment land assets and investments.”
There are nine endowment beneficiary funds that include Idaho’s public schools, universities, state hospitals for the mentally ill and charitable institutions such as the state veterans homes, the Idaho School for the Deaf and Blind and Idaho’s juvenile corrections system.
The Land Board is comprised of the Governor, Secretary of State, Attorney General, Controller, and Superintendent of Public Schools.
Today’s presentation was held at the Idaho Capital in the Rotunda.