The University of Texas System (UT System) encompasses 14 educational institutions in the U.S. state of Texas, of which eight are academic universities and six are health institutions. The UT System is headquartered in Austin, and has a total enrollment of over 216,000 students (largest university system in Texas) and employs more than 87,000 faculty and staff. The UT System's $36 billion endowment (as of May 31, 2016) is the largest of any public university system in the United States.