Managing Trust Lands
Endowment assets of the State of Idaho consist of both land and funds. All endowment assets are held in trust by the State in nine endowment trusts.
The State initially received grants of more than 3.65 million acres of land in trust from the federal government in the Idaho Admissions Bill and through other federal acts. Over time, properties were sold or exchanged, with proceeds from the sales and certain other income deposited in the endowment funds.
The State Constitution establishes the State Land Board of Land Commissioners (Land Board) as the trustee over the assets of the nine endowments. As trust manager, the Land Board is obligated to manage the assets of each trust with undivided loyalty to the beneficiaries of the trusts.
Idaho Code 58-101 created the Idaho Department of Lands (IDL) to serve as the manager of the non-financial assets of each trust. Similarly, Idaho Code 57-718 created the Endowment Fund Investment Board (EFIB) which formulates policy for, and manages the investment of, the financial assets.
Strategic Business Unit
- Kathy Opp, Deputy Director
Kate Langford, Strategic Business Analyst
Jane Wright, Business Analyst
Roger Titmus, Strategic Business Analyst
Julianne Shaw, Assistant Planner
The Strategic Business Unit within the IDL consists of professional business analysts and planners who assist all functions of the department in managing Endowment assets so they produce maximum long-term financial returns to the Endowment beneficiaries.
Particular focus is paid to the Endowment asset portfolio - the lands themselves - as a whole. The Strategic Business Unit works with IDL land managers across Idaho on strategic investments and transactions that make the entire asset portfolio more secure and resilient.