State Of Idaho
Endowment Fund Investment Board
Mission: Provide professional investment management services to our stakeholders consistent with our constitutional and statutory mandates.
When Idaho became a state, the Congress of the United States endowed certain lands to be used to generate income for educational and other purposes. (Endow: to provide with property, income, or a source of income.)
The Endowment Fund Investment Board was established to manage investment of the proceeds generated by the endowment lands within the State of Idaho. The EFIB also manages the financial assets of the State Insurance Fund, the Judges´ Retirement Fund, the Ritter Island Endowment Fund and the Trail of the Coeur d´Alenes Endowment Fund. The Investment Board also manages a Credit Enhancement Program for public school bonds.
The management of all assets, with the exception of those of the State Insurance Fund, is governed by the Idaho Uniform Prudent Investor Act (Chapter 5, title 68 Idaho Code).
- Principal Statutes: Idaho Code, Sections 57-715 through 57-728 (Endowment Fund Assets)
- Idaho Code, Sections 41-701 through 41-736, Sections 72-912 and 72-912A (State Insurance Fund Assets)
- Idaho Code, Section 1-2008 (Judges´ Retirement Fund Investments)
- Idaho Code, Section 67-1610 (Capitol Permanent Endowment Fund)