State endowment generates a record payout for K-12

A record endowment payment will translate into an additional $1.5 million for K-12.

The state Land Board last week approved the payouts for the next budget year, which begins July 1.

The payments come after a strong year for the state’s $3 billion endowment fund, which grew by 10.9%. It also comes as the state’s endowment lands generated $52.5 million in income, largely through timber sales.

K-12 is historically the state’s largest endowment beneficiary, and that won’t change next year.

Here’s how the 2024-25 payouts break down.

  • Public schools: $63 million, up 2.4%.
  • State Hospital South: $7.8 million, up 2.5%.
  • University of Idaho, School of Science: $6.7 million, up 0.7%.
  • University of Idaho: $6.1 million, up 4.5%.
  • Idaho State University normal school: $3.6 million, up 9.7%.
  • Lewis-Clark State College normal school: $3.6 million, up 9.7%.
  • State prison: $3.2 million, up 0.5%.
  • University of Idaho, College of Agriculture: $2 million, up 3.4%.
  • Idaho State University: $1.9 million, up 1.5%.
  • Juvenile corrections: $1.9 million, up 1.5%.
  • State Hospital North: 1.9 million, up 1.5%.
  • State veterans’ hospital: $1.2 million, up 1.5%.
  • Idaho School for the Deaf and the Blind: $237,200, up 1.5%.
  • Total: $103.2 million, up 2.9%.

While the K-12 payout will be a record, it still represents a small fraction of overall public school spending. This year’s K-12 budget totals nearly $2.7 billion — with most of the proceeds coming from taxes.

The Land Board — Gov. Brad Little, state superintendent Debbie Critchfield, Attorney General Raul Labrador, Secretary of State Phil McGrane and Controller Brandon Woolf — oversees management of the state’s 2.5 million acres of endowment land.


Kevin Richert

Kevin Richert

Senior reporter and blogger Kevin Richert specializes in education politics and education policy. He has more than 30 years of experience in Idaho journalism. He is a frequent guest on "Idaho Reports" on Idaho Public Television and "Idaho Matters" on Boise State Public Radio. Follow Kevin on Twitter: @KevinRichert. He can be reached at [email protected]

Get EdNews in your inbox

Weekly round up every Friday