David Trice

Texas Permanent School Fund Corp. is a fund created in 1845 to support the state's public schools and was seeded with $2 million in 1854. The company is based in Austin, TX, and its board meetings are held in the William B. Travis State Office Building at 1701 North Congress Ave. The fund has grown to comprise over $51 billion and invests for the benefit of public schools. The company publishes an annual comprehensive financial report containing audited financial statements and comprehensive information about the fund's performance. The company also administers the bond guarantee program, which guarantees bonds issued by independent and charter school districts, enhancing their credit rating. The CEO is B. Holland Timmins.