Like many countries, several U.S. states have created sovereign wealth funds to finance certain services (typically public education) or to provide general revenue to the state government itself. [1] [2] This article comprises the known such funds and their monetary amounts.
Rank | State | Fund | Assets | Origin | ||
---|---|---|---|---|---|---|
Value (in billions) | As of | Ref. | ||||
1 | Alaska | Alaska Permanent Fund | 74.455 | December 2022 | [3] | Petroleum |
2 | Texas | Permanent School Fund | 55.624 | August 2022 | [4] | Commodity / petroleum |
3 | Permanent University Fund | 31.763 | August 2022 | [5] | ||
4 | New Mexico | New Mexico State Investment Council Permanent Funds | 31.000 | December 2020 | [6] | Petroleum |
5 | Wyoming | Wyoming Permanent/Endowment Funds | 12.6 | March 2017 | [7] | Minerals |
6 | North Dakota | North Dakota Legacy Fund | 8.2 | November 2022 | [8] | Petroleum |
7 | Alabama | Alabama Trust Fund | 2.5 | June 2016 | [9] | Petroleum |
8 | Utah | State School Fund | 2.0 | March 2015 | [10] | Public lands |
9 | Oregon | Oregon Common School Fund | 1.4 | December 2016 | [11] | Public lands |
10 | Louisiana | Louisiana Education Quality Trust Fund | 1.3 | June 2016 | [12] | Petroleum |
11 | Montana | Coal Severance Tax Trust Fund & Public School Trust | 1.2 | June 2016 | [13] | Fossil fuels / Public lands |