Material Resources
Through the generous gifts and bequests of friends over the years, the University has accumulated endowment funds with a market value of more than $1 billion.
A significant portion of this is the result of a magnificent gift by Mary Couts Burnett in 1923. The Burnett Fund makes up a major portion of the University's endowment.
Another large portion of the University endowment was made available through the bequest of the late Milton E. Daniel of Breckenridge, who was chairman of the Board of Trustees at the time of his death in 1958. His entire estate was left in trust to the University.
Bequests by B.M. and Frances Britain of Amarillo brought more than $15 million to the University's endowment in 1991-92.
Fully endowed chairs, several professorships, lectureships and many endowed scholarships have been contributed by individuals, charitable foundations and churches.