Permanent Fund (South Dakota)

The South Dakota Permanent Fund is a public investment fund established to benefit the state's residents. It is created from revenues, primarily from mineral royalties and other state income, which are invested to generate earnings. The fund's growth supports the state's budget and provides some annual payments or benefits to residents. The goal is to preserve and grow these assets sustainably, ensuring long-term financial stability for South Dakota and its citizens. In essence, it’s a financial reserve that helps fund government services and potentially provides direct or indirect benefits to the state's residents.