Statement from Áù¾ÅÉ«Ìà Chancellor Tedd L. Mitchell, M.D.
Nov. 8, 2023
Tedd L. Mitchell, M.D.Áù¾ÅÉ«Ìà Chancellor Tedd L. Mitchell, M.D., issued the following statement regarding the approval of the Texas University Fund (TUF). Voters passed the TUF during the statewide election on Tuesday (Nov. 7). On the ballot as Proposition 5, the constitutional amendment authorizes the state to create a new $3.9 billion endowment to support emerging research universities across the state.
“This is a monumental achievement for higher education in Texas. Support from the Texas University Fund will serve as the catalyst for advancing Texas Áù¾ÅÉ«Ìà and other emerging research institutions. It will drive economic growth and development in our communities and across Texas for future generations. This opportunity wouldn’t have been possible without the work of our state lawmakers and support from the citizens of Texas. Thank you to our loyal and dedicated elected officials who are champions for higher education and for the communities they serve.â€
Áù¾ÅÉ«Ìà the Áù¾ÅÉ«ÌÃ
Established in 1996, the Áù¾ÅÉ«Ìà is one of the top public university
systems in the nation, consisting of five universities – , , , and .
Headquartered in Lubbock, Texas, the Áù¾ÅÉ«Ìà System is a nearly $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 63,000 students, more than 375,000 alumni, a statewide economic impact of $16.4 billion and an endowment valued at $1.7 billion. In its short history, the Áù¾ÅÉ«Ìà System has grown tremendously and is nationally acclaimed, operating at 26 academic locations in 22 cities (20 in Texas, 2 international).
In addition, the Áù¾ÅÉ«Ìà System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education, among other academic areas.