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. 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 | Petroleum | |
2 | Texas | Permanent School Fund | 55.624 | August 2022 | Commodity / petroleum | |
3 | Permanent University Fund | 31.763 | August 2022 | |||
4 | New Mexico | New Mexico State Investment Council Permanent Funds | 31.000 | December 2020 | Petroleum | |
5 | Wyoming | Wyoming Permanent/Endowment Funds | 12.6 | March 2017 | Minerals | |
6 | North Dakota | North Dakota Legacy Fund | 8.2 | November 2022 | Petroleum | |
7 | Alabama | Alabama Trust Fund | 2.5 | June 2016 | Petroleum | |
8 | Utah | State School Fund | 2.0 | March 2015 | Public lands | |
9 | Oregon | Oregon Common School Fund | 1.4 | December 2016 | Public lands | |
10 | Louisiana | Louisiana Education Quality Trust Fund | 1.3 | June 2016 | Petroleum | |
11 | Montana | Coal Severance Tax Trust Fund & Public School Trust | 1.2 | June 2016 | Fossil fuels / Public lands |