For nearly 180 years, the Permanent School Fund has helped support Texas public schools. Created by the Texas Constitution in 1845, the PSF was built using state lands and the revenue they generate, especially from oil and natural gas. Over time, the fund grew through careful stewardship by the Texas State Board of Education, the Texas General Land Office, and the School Land Board. As the fund expanded and diversified, Texas modernized its management to strengthen returns and improve efficiency