Texas Permanent School Fund Corporation Revenue and Competitors

We are a special-purpose governmental corporation charged with prudently managing and investing the assets of the Texas Permanent School Fund. Texas PSF’s mission is to generate superior long-term investment returns for the benefit of Texas K-12 public schools. As one of the nation’s oldest, largest sovereign wealth funds, Texas PSF supports public education in two important ways: First, the investment portfolio we manage generates returns which help fund a portion of educational expenses, including textbooks and technology. Since 1969, the fund has generated nearly $39 billion dollars to help fund public education. Second, through the Bond Guarantee Program, independent school districts and charter districts use the Fund’s AAA credit rating schools to lower interest rates on their debt guaranteed by the Fund, allowing more money to go toward school improvements instead of interest, and saving Texas taxpayers hundreds of millions of dollars each year.