Texas Permanent School Fund Corporation
Texas Permanent School Fund Corporation is a special‑purpose governmental corporation responsible for managing and investing the assets of Texas's historic publ
Company facts
- Founded
- 1845
- Employees
- 200
- Headquarters
- United States
- Type
- Government
About
Texas Permanent School Fund Corporation is a special‑purpose governmental corporation responsible for managing and investing the assets of Texas's historic public endowment and sovereign wealth fund. By delivering strong investment performance, the corporation safeguards and grows the fund, which has generated nearly $39 billion in returns since 1969 to support public education expenses such as textbooks and technology. In addition to portfolio management, the corporation operates a Bond Guarantee Program that leverages the fund’s AAA credit rating to lower borrowing costs for independent and charter school districts. This program reduces interest expenses, directs more resources toward school improvements, and saves Texas taxpayers hundreds of millions of dollars each year.