Richest Public Colleges: 13 State University Systems And Foundations With The Largest Endowments

The University of Texas is rich.

The economy may not be booming, but the UT school system's Permanent University Fund continues to grow, making it the richest public university system endowment in the country.

According to a report from the National Association of College and University Business Officers and Commonfund Institute, UT has $17,148,649,000. That's far more than the average endowment of $497,562,000 (out of 839 public and private universities ranked) and way higher than the median endowment of $93,440,000. UT is the third richest college system in the country, not far behind Yale University and ahead of Princeton and Stanford universities.

It's no wonder UT has only had incremental tuition increases in recent years.

Click through the slideshow to see which public university systems and foundations are doing just fine, thank you very much:

The endowments are from the year 2011 and were released in March 2012. It is the most recent data available.