#SITLAfunds19 Challenge Winners Announced
Congratulations to Three Peaks Elementary in Iron County School District and L.C. Reading Elementary in Davis School District, this year’s winners of the #SITLAfunds19 Photo Challenge.
School LAND Trust Funds are interest income from Utah’s $2.5 billion Permanent School Fund endowment, which are distributed annually to every K-12 school in Utah.
Co-sponsored by the School Children’s Trust Office at the Utah State Office of Education and School and Institutional Trust Lands Administration (SITLA), the photo challenge invites all K-12 students, parents, teachers, and administrators to show how School LAND Trust Funds are used in their schools.
Three Peaks Elementary Principal Paula Burgoyne submitted a winning photo showing students participating in a production of Disney’s The Jungle Book KIDS stating that participating in arts improves academic performance, self-confidence, and self-esteem.
Principal Scott Hughes sent a photograph with students participating in an engineering class. The School Community Council at L.C. Reading Elementary allocated its School LAND Trust Funds to hire an engineering education specialist.
Individual schools use their School LAND Trust funds on projects determined by its School Community Council. This council, which includes parents, teachers, and the principal, identifies and discusses its school’s particular needs and administers the funds accordingly.
Annual distributions from the Permanent School Fund have grown tremendously, from just $8.3 million in fiscal year 2004 to $74 million this year. This growth is due to the support of state policymakers, investment returns generated by School and Institutional Trust Funds Office, and $1.8 billion in revenue from development of trust lands, which are managed by SITLA.