In 2013, the University of Texas at Austin announced the naming of the O'Donnell Building for Applied Computational Engineering and Sciences. The O'Donnell Foundation of Dallas, headed by Peter O'Donnell and his wife, Edith Jones O'Donnell, has given more than $135 million to the university between 1983 and 2013. University president William C. Powers declared the O'Donnells "among the greatest supporters of the University of Texas in its 130-year history. Their transformative generosity is based on the belief in our power to change society for the better." In 2008, O'Donnell pledged $18 million to finance the hiring of university faculty members undertaking research in mathematics, computers, and multiple scientific disciplines; his pledge was matched by W. A. "Tex" Moncrief Jr., an oilman and philanthropist from Fort Worth. The University of Texas at Austin Marine Science Institute is located on the Gulf coast in Port Aransas. Established in 1941, UTMSI was the first permanent marine research facility in the state of Texas and has since contributed significantly to our understanding of marine ecosystems. Research at the Marine Science Institute ranges from locally-important work on mariculture and estuarine ecosystems to the investigation of global issues in marine science, from the Arctic to the tropics. Endowment The University of Texas System is entitled to at least 30% of the distributions from the Permanent University Fund (PUF), with over $33 billion in assets as of year-end 2021. The University of Texas System gets two-thirds of the Available University Fund (the name of the annual distribution of PUF's income), and the Texas A&M University System gets the other third. A regental policy requires at least 45 percent of UT System's share of this money go to the University of Texas at Austin for "program enrichment". By taking two-thirds and multiplying it by 45 percent, UT gets 30 percent, which is the minimum amount of AUF income that can be distributed to the school under current policies. The Regents, however, can decide to allocate additional amounts to the university. Also, the majority of the University of Texas system share of the AUF is used for its debt service bonds, some of which were issued for the benefit of the Austin campus. The Regents can change the 45 percent minimum of the University of Texas System share to goes to the Austin campus at any time, although doing so might be difficult politically. Proceeds from lands appropriated