Public schools will receive a $2.2 million boost in state endowment dollars next year.
The Idaho Land Board Tuesday approved a record $88.1 million in endowment payments. The payments go into effect for the 2021-22 budget year, which begins July 1.
The proceeds come from earnings off 2.5 million acres of state-owned lands — and the money goes to several beneficiaries. Public schools receive the largest share of endowment revenues.
Here’s how the money breaks down:
| Beneficiary | 2020-21 payment | 2021-22 payment | Change |
| Public schools | $52,586,400 | $54,798,000 | 4.2 percent |
| State Hospital South | $6,369,600 | $6,425,000 | 0.9 percent |
| University of Idaho School of Science | $5,420,400 | $5,735,500 | 5.8 percent |
| University of Idaho | $4,766,400 | $5,102,000 | 7.0 percent |
| Idaho State University normal school | $2,667,000 | $2,743,750 | 2.9 percent |
| Lewis-Clark State College normal school | $2,667,000 | $2,743,750 | 2.9 percent |
| Penitentiary | $2,500,800 | $2,689,500 | 7.5 percent |
| University of Idaho College of Agriculture | $1,551,600 | $1,660,000 | 7.0 percent |
| Idaho State University | $1,597,760 | $1,647,733 | 3.1 percent |
| Juvenile Corrections | $1,597,760 | $1,647,733 | 3.1 percent |
| State Hospital North | $1,597,760 | $1,647,733 | 3.1 percent |
| State veterans’ homes | $988,600 | $1,029,833 | 3.1 percent |
| School for the Deaf and the Blind | $199,720 | $205,967 | 3.1 percent |
| Total | $84,520,800 | $88,076,500 | 4.2 percent |
While public schools receive the largest share of endowment dollars, the money represents a relatively small share of K-12 spending. By contrast, public schools will receive roughly $1.9 billion in state tax dollars this budget year.
Five statewide officials sit on the Land Board: Gov. Brad Little; state superintendent Sherri Ybarra; Attorney General Lawrence Wasden; Secretary of State Lawerence Denney; and Controller Brandon Woolf.
