The purpose of New Mexico's permanent endowment trust funds is to contribute recurring revenues for the operating budget of the state and to provide resources to various fund beneficiaries. The SIC investment goals are to preserve the permanent endowment funds for future generations and to provide future benefits by growing the funds at a rate at least equal to inflation.  

The State Investment Office believes that the public needs to be fully informed about the State's two large Permanent Endowment Trust Funds and how they are managed. The LGPF and STPF are birthrights for New Mexicans and with proper stewardship will continue to provide significant benefits for many generations to come. The TSPF may also eventually become a trust fund asset large enough to support significant state government programs in the future.  The WTPF currently provides annual funding for water infrastructure projects in New Mexico, as identified by the Water Trust Board. 

	Land Grant Permanent Fund (LGPF) New Mexico's largest permanent fund was established by collecting leasing fees on the State's 13.4 million acres of mineral resources and 8.8 million acres of surface land...(more)
	Severance Tax Permanent Fund (STPF) Receives severance taxes collected on natural resources extracted from New Mexico lands...(more)
	Tobacco Settlement Permanent Fund (TSPF) Established by New Mexico statute during Fiscal Year 2000 as the result of a legal settlement between states and tobacco companies...(more)
	Water Trust Permanent Fund (WTPF) Established by New Mexico statute during Fiscal Year 2006 with a $40 Million allocation.  It distributes millions annually to critically needed water projects.

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