Texas PSF operates under the oversight of a board of directors who serve as fiduciaries of the Permanent School Fund. The board’s responsibilities include approving the asset allocation policy for the Fund, approving performance benchmarks for the total Fund and for individual asset classes, evaluating the investment performance of the portfolio, ensuring compliance with the asset allocation, and assessing risk to the fund. The board of directors also works with Texas PSF management to help set overall strategic direction. The board meets at least three times per year.

The board is responsible for hiring a chief executive officer who is empowered to run the day-to-day operations of the Corporation.

The board comprises five members of the State Board of Education, the Land Commissioner, and one Land Commissioner appointee along with two gubernatorial appointees (the last three must have substantial expertise in investments and asset management.)

Current members

NameHometownTerm Expiration Date
Tom Maynard, Chair – State Board of EducationFlorence1/1/2025
Brad Wright, Vice Chair – Gubernatorial appointeeHouston1/1/2027
Aaron Kinsey, Secretary – State Board of EducationMidland1/1/2025
Dawn Buckingham, M.D. – General Land Office CommissionerLakeway1/1/2027
Keven Ellis, D.C. – State Board of EducationLufkin1/1/2025
Patricia Hardy – State Board of EducationFort Worth1/1/2025
Marisa Perez-Diaz – State Board of EducationSan Antonio1/1/2025
Jim Stanislaus – General Land Office appointeeAustin1/1/2025
Cliff Thomas – Gubernatorial appointeeVictoria1/1/2029

Board Committees

Audit and Ethics


Strategic Planning and Policy