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Message: <blockquote data-quote="Fritz the Cat" data-source="post: 245465" data-attributes="member: 605">In the early years of Statehood trust lands were sold to generate money to build schools. Later trust lands were sold and the money was deposited in a permanent trust fund that was "invested" and then the money was distributed. Around 1970 the Land Trust had 700,000 acres and decided to not sell anymore land. These 700,000 acres serve as part of the portfolio while the money from land that was previously sold generates income from stocks, bonds, mortgages and loans on land. So how did our fore fathers do investing? The Common Schools Trust Fund has $4,318,989,728dollars (billion) in it and gains about $400 million per year. The idea is, don't touch the principle. It's the gift that keeps on giving. Part of the gains or $400 million could/should be spent. And then we have the valedictorians who want to bitch about the 1.8 million acres that were sold. It can be explained to the valedictorians over and over that it was the intention during Statehood to sell part of these lands to generate income to build schools then and into the future, but how do we understand it for them?- - - Updated - - -Also,to clarify, part of the gains or interest on that invested 4.3 Billion dollars or approximately 300 million earned is spent on education: The chart below shows the distributions that will be made to the Permanent Trust Beneficiaries for the 2-year period ending June 30, 2017. The distribution to the ND public school system – grades K-12 during the 2014 school year was $627.53/pupil. The ND Department of Trust Lands is not a tax funded agency but rather an income generator for the various trust funds.2015-17 Fund Beneficiary Distribution Amt Common Schools (K-12) $ 206,134,000 North Dakota State University $ 3,368,000 School for the Blind $ 456,000 School for the Deaf $ 1,180,000 State Hospital $ 1,000,000 Ellendale (split to other funds) $ 546,000 Valley City State University $ 570,000 Mayville State University $ 382,000 Industrial School $ 1,372,000 School of Science $ 988,000 School of Mines $ 1,134,000 Veterans Home $ 356,000 University of North Dakota $ 1,608,000 Total $ 219,094,000 Million</blockquote>

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