How Vermont’s Higher Education Endowment Trust Fund is structured and how distributions work

Legislative counsel and the treasurer’s office told the House Appropriations Committee that the Vermont Higher Education Endowment Trust Fund is funded by initial appropriations, estate-tax windfalls and small unclaimed-property transfers; statute requires a mandatory annual 5% allocation for non-loan aid and allows up to 2% for endowments with a 2:1 private match.