AUSTIN – The University of Texas System Board of Regents today (Nov. 12) appointed Regent Printice L. Gary to the board of directors of The University of Texas Investment Management Co. (UTIMCO). Gary succeeds Board of Regents Vice Chairman Colleen McHugh, who served on the UTIMCO board for four years.
Gary, of Dallas, was appointed to UT System Board of Regents in November 2007. He chairs the Facilities Planning and Construction Committee and serves as a member of the Finance and Planning Committee as well as the Student, Faculty, and Staff Campus Life Committee. In addition, he is a regental representative on the Board for Lease of University Lands.
Gary founded Carleton Residential Properties in 1991 and serves as its CEO and managing partner. Previously, he was a division partner at Trammell Crow Residential. He is active in civic organizations, having served on the boards of the Dallas Citizens Council, the North Texas Tollway Authority, Pro-line Corporation, CC Young (a multiple service retirement organization in Texas), and the Texas Tax Reform Commission.
He currently serves on the Board of the Southwestern Medical Foundation and the National Equity Fund in Chicago. He received a bachelor’s degree in economics from Carleton College, where he served as a trustee from 2003 until earlier this year. He also holds an MBA from Harvard University.
UTIMCO is a 501(c)(3) investment management corporation whose sole purpose is the management of investment assets under the fiduciary care of the Board of Regents of The University of Texas System. Created in March 1996, UTIMCO is the first external investment corporation formed by a public university system in the nation. It invests endowment and operating funds currently valued at about $20.89 billion.
About The University of Texas System
Serving the educational and health care needs of Texans for more than 125 years, The University of Texas System is one of the nation’s largest higher education systems, with nine academic campuses and six health institutions. The UT System has an annual operating budget of $11.9 billion (FY 2010) including $2.5 billion in sponsored programs funded by federal, state, local and private sources. Preliminary student enrollment exceeded 202,000 in the 2009 academic year. The UT System confers more than one-third of the state's undergraduate degrees and educates nearly three-fourths of the state's health care professionals annually. With more than 84,000 employees, the UT System is one of the largest employers in the state.