d by W. A. "Tex" Moncrief, Jr., a oilman and philanthropist from Fort Worth.[84] Endowment[edit]

anted a research contract by the Navy funded up to $928 million over ten years.[80][81] The Center for Transportation Research UT Austin is a nationally recognized research institution focusing on transportation research, education, and public service. Established in 1963 as the Center for Highway Research, its current and ongoing projects address virtually all aspects of transportation, including economics, multimodal systems, traffic congestion relief, transportation policy, materials, structures, transit, environmental impacts, driver behavior, land use, geometric design, accessibility, and pavements.[82]
In 2013, UT announced the naming of the O'Donnell Building for Applied Computational Engineering and Sciences. The O'Donnell Foundation of Dallas, headed by Peter O'Donnell and his wife, Edith Jones O'Donnell, has given more than $135 million to UT alone between 1983 and 2013. UT President William C. Powers declared the O'Donnells "among the greatest supporters of the University of Texas in its 130-year history. Their transformative generosity is based on the belief in our power to change society for the better."[83] In 2008, O'Donnell pledged $18 million to finance the hiring of UT faculty members undertaking research in the use of mathematics, computers, and multiple scientific disciplines; his pledge was matched by W. A. "Tex" Moncrief, Jr., a oilman and philanthropist from Fort Worth.[84]
Endowment[edit]


The Norman Hackerman Building
Main article: Permanent University Fund
The university has an endowment of $7.2 billion, out of the $16.11 billion (according to 2008 estimates) available to the University of Texas System. This figure reflects the fact that the school has the largest endowment of any public university in the nation.[citation needed]
Thirty percent of the university's endowment comes from Permanent University Fund (PUF), with nearly $15 billion in assets as of 2007.[85][86] Proceeds from lands appropriated in 1839 and 1876, as well as oil monies, comprise the majority of PUF. At one time, the PUF was the chief source of income for Texas' two university systems, The University of Texas System and the Texas A&M University System; today, however, its revenues account for less than 10 percent of the universities' annual budgets. This has challenged the universities to increase sponsored research and private donations. Privately funded endowments contribute over $2 billion to the University's total endowment value.
The university is one of only two public universities in the U.S. that have a triple-A credit rating from all three major credit rating agencies, along with the University of Virginia.[87]
Student life[edit]

Student profile[edit]
For Fall 2011, the university enrolled 38,437 undergraduate, 11,497 graduate and 1,178 law students.[88] Out-of-state and international students comprised 9.1% of