The 1915 Alaska Enabling Act initially intended to grant over 20 million acres for school funding, but only 104,000 acres were transferred, and subsequent state actions further diminished these lands' educational benefit. Upon statehood in 1959, Alaska re-designated school lands as general grant lands, diverting potential income from the Public School Trust Fund; this led to legal challenges such as Kasayulie v. State of Alaska in 1999 and a 2013 lawsuit seeking restitution. The Public School Trust Fund now receives half a percent of state land management receipts, with FY 2022 distributions amounting to $15.6 million for Alaska's K-12 students.

Arizona's school trust lands, granted 10.9 million acres by Congress upon statehood, currently encompass over 8 million surface acres and generate significant revenue for public education. In Fiscal Year 2022, these lands produced $580 million in gross revenue, primarily from land sales, royalties, and commercial leases, with $521 million invested to support schools. Managed under a perpetual trust, the funds are prudently invested by the State Treasurer with a long-term strategy to ensure continued growth and support for future generations, though historically high distribution rates led to legal challenges regarding sustainability.

Colorado's State Land Board, managing 2.8 million surface acres and nearly 4 million mineral acres of school trust lands, has achieved record revenues primarily from oil, gas, and renewable energy sources, significantly contributing to the Building Excellent Schools Today (BEST) program since its inception in 2008. However, despite these achievements, the state's statutory distribution policies have prioritized current beneficiaries over future ones by directing most revenues to current educational needs instead of reinvesting in the Permanent Fund for long-term sustainability. This approach has led to concerns about depleting non-renewable resources and financial assets meant for future generations, as the fund's value and investment returns have not met their potential due to limited reinvestment from land revenues.

Idaho's statehood in 1890 included a grant of land specifically designated to support public schools, with current holdings of over 2 million surface acres and nearly 3 million mineral acres managed by the Idaho Department of Lands. The revenue from these lands, primarily generated through timber, forest products, and other activities like mineral leasing, is carefully allocated to the Public School Permanent Endowment Fund and Earnings Reserve Account to ensure ongoing financial support for educational institutions. The Endowment Fund Investment Board oversees the investment of these funds, which now total $1.648 billion with a diversified asset allocation and a 5-year return rate of 7.0%, also aiding local school districts through reduced bond interest costs via the Credit Enhancement Program.

Minnesota's school trust lands, totaling 2.5 million surface acres and 3.5 million mineral acres, are managed by the Department of Natural Resources and the Office of School Trust Lands to generate revenue for public education. In Fiscal Year 2022, these lands produced $56 million in gross revenue, primarily through iron mining and timber harvesting, contributing significantly to the Permanent School Fund (PSF), which has grown 50% since FY2012 to a market value of $1.74 billion. The PSF’s revenue supports educational resources across Minnesota's public schools and charter schools, ensuring sustainable asset management strategies focused on maximizing long-term educational funding.

Montana's school trust lands, established at statehood in 1889, encompass over 5 million surface acres and generate significant revenue to support public education through sustainable management practices. In Fiscal Year 2022, these lands produced $119 million in gross revenue, primarily from minerals, agriculture, grazing, and timber, with $53 million distributed to K-12 schools. Managed by the Montana Land Board and overseen by the Department of Natural Resources, the trust fund maintains a market value of $802 million and is invested to ensure both current revenue generation and future growth.

In New Mexico, school trust lands, managed by the New Mexico State Land Office under Commissioner Stephanie Garcia Richard, generate significant revenue primarily from oil and gas resources, supporting approximately one-fourth of the state's education budget. In Fiscal Year 2022, these lands produced a record $2.2 billion in gross revenue, with investments in renewable energy and commercial development diversifying income sources. Revenue is prudently invested in the New Mexico Land Grant Permanent Fund, contributing to its growth to over $21 billion as of June 2022, ensuring substantial annual distributions to support the state's 89 school districts and over 330,000 students.

In 1894, Congress granted land to support Utah's public schools, and today, the School and Institutional Trust Lands Administration manages 3.4 million surface acres and 4.4 million mineral acres. During Fiscal Year 2022, these lands generated $136.9 million in gross revenue from real estate development, oil and gas royalties, land sales, and leases; all net revenue is invested in the State School Fund, which had a market value of $2.8 billion as of June 2022. The School LAND Trust Program distributed nearly $96 million to schools in FY 2022 for academic improvement initiatives designed by local stakeholders.

Washington's state trust lands, managed by the Department of Natural Resources, have seen a decline in net revenue over the past 25 years, impacting funding for public schools. The Trust Land Initiative aims to address this through legislative changes, policy updates, and improved management practices to enhance revenue generation and management of these lands. In FY2021, school trust lands generated $53 million in gross revenue primarily from timber sales and leases, while the net investment position for the Permanent Funds saw a significant decrease in FY2022 due to market declines.