Texas Tech appreciates your trust and support.
The results are in, and the voters of Texas have passed Proposition 5, the constitutional amendment to establish the Texas University Fund (TUF).
Proposition 5 received more than 60% of the vote, allowing the state to set up a $3.9 billion endowment to support research activities at Texas universities.
As part of the TUF, Texas Tech University’s anticipated allotment is $44 million for fiscal year 2024, with the funds allocated to support the university’s research activities.
“The TUF will be transformative in growing the research enterprise at Texas Tech University and its impact on our state,” said Texas Tech President Lawrence Schovanec. “Future generations of students and faculty will benefit from the opportunities this funding provides, which will bolster innovation and technology. We are grateful for the support of the Texas Legislature and voters in Texas.”
TUF dollars will allow Texas Tech to hire and support faculty, prepare students for the workforce through increased graduate and undergraduate research opportunities, and create new technological innovations that will benefit the citizens of Texas.
TUF funds will enhance Texas Tech’s research impact across fields in which the university already excels. Traditional research strengths like agriculture, energy, climate science and national security will be elevated, as will the new One Health collaboration with our colleagues at the Texas Tech University Health Sciences Center. The One Health initiative will study the interconnectedness of human, animal and environmental health in our region.
“Texas Tech is extremely grateful for the outstanding support Texas voters have provided for research,” said Vice President for Research & Innovation Joseph Heppert. “The breakthroughs made possible by these funds will have a lasting impact on West Texas, our state and the nation."
The trust put in Texas Tech by voters leaves the university in a position to invest heavily in finding solutions to the greatest challenges of our time. Thanks to Texas voters, as the Centennial year draws to a conclusion Texas Tech could hardly be better positioned for the next century.
Through continued efforts to hire world-class faculty and provide them with top-of-the-line research facilities so they can train future leaders, Texas Tech is committed to maintaining the vitality of Texas for generations to come.
Thank you for your support.