in 1839 and 1876, as well as oil monies, comprise the majority of PUF. At one time, the PUF was the chief source of income for Texas' two university systems, the University of Texas System and the Texas A&M University System; today, however, its revenues account for less than 10 percent of the universities' annual budgets. This has challenged the universities to increase sponsored research and private donations. Privately funded endowments contribute over $2 billion to the university's total endowment. The University of Texas System also has about $22 billion of assets in its General Endowment Fund. Student life Student profile For Fall 2011, the university enrolled 38,437 undergraduate, 11,497 graduate and 1,178 law students. Out-of-state and international students comprised 9.1% of the undergraduate student body and 20.1% of the total student body, with students from all 50 states and more than 120 foreign countries—most notably, the Republic of Korea, followed by the People's Republic of China, India, Mexico, and Taiwan. For Fall 2015, the undergraduate student body was 48.9% male and 51.1% female. The three largest undergraduate majors in 2009 were Biological Sciences, Unspecified Business, and Psychology, while the three largest graduate majors were Business Administration (MBA), Electrical and Computer Engineering, and Pharmacy (PharmD). Residential life The campus has fourteen residence halls, the newest of which opened in Spring 2007. On-campus housing can hold more than 7,100 students. Jester Center is the largest residence hall with its capacity of 2,945. Academic enrollment exceeds the on-campus housing capacity; as a result, most students must live in private residence halls, housing cooperatives, apartments, or with Greek organizations and other off-campus residences. University Housing and Dining, which already has the largest market share of 7,000 of the estimated 27,000 beds in the campus area, plans to expand to 9,000 beds. Student organizations The university recognizes more than 1,300 student organizations. In addition, it supports three official student governance organizations that represent student interests to faculty, administrators, and the Texas Legislature. Student Government, established in 1902, is the oldest governance organization and represents student interests in general. The Senate of College Councils represents students in academic affairs and coordinates the college councils, and the Graduate Student Assembly represents graduate student interests. The University Unions Student Events Center serves as the hub for student activities on campus. The Friar Society serves as the oldest honor society at the university and recognizes students who have