Oklahoma Tobacco Settlement Endowment Trust

Oklahoma Tobacco Settlement Endowment Trust (TSET)

Tobacco Settlement Endowment Trust
Agency overview
Formed	July 1, 2001
Headquarters	3800 N. Lincoln Blvd. Suite 200 Oklahoma City, Oklahoma
Employees	23
Annual budget	$44.6 million
Ministers responsible	Dr. Terry Cline, Secretary of Health Jim Gebhart, Chair of the Board of Directors Ken Miller, Chair of the Board of Investors
Agency executive	Tracey Strader, Executive Director
Website	www.ok.gov/tset

The Oklahoma Tobacco Settlement Endowment Trust is a public trust created by the State of Oklahoma to manage any money from settlements or lawsuits against any tobacco company. The Trust uses the money, through grants and programs, to improve the health and quality of life of all Oklahomans by funding programs and services that address, prevent and reduce tobacco use and obesity - health behaviors that contribute to the leading causes of death in Oklahoma, cancer and cardiovascular disease. TSET has statewide grants, local community-based grants and public health education interventions that include Oklahoma Tobacco Helpline, Tobacco Stops With Me and Shape Your Future.

TSET is a state grant-making trust. TSET's grants focus on preventing tobacco use, reducing tobacco use and preventing obesity. TSET's Healthy Living Program grants cover 94% of Oklahoma's population.

TSET accepts applications for emerging opportunities, Healthy Communities Incentive Grants and Healthy Schools Incentive Grants as funding is available.

The assets of the Trust are invested at the direction of a five-member Board of Investors. The Board consists of the State Treasurer of Oklahoma, who serves as chair, and the designees of the Governor of Oklahoma, the President pro tempore of the Oklahoma Senate, and the Oklahoma State Auditor and Inspector. The State Treasurer serves on the Board as long as he or she maintains the office. Appointed members serve four year terms.

As of 2016, the Board of Investors is composed of the following:

The Trust is governed by a seven-member Board of Directors. The members are appointed by seven different elected officials: the Governor of Oklahoma, the President pro tempore of the Oklahoma Senate, the Attorney General of Oklahoma, the State Treasurer, the Oklahoma Superintendent of Public Instruction and the Oklahoma State Auditor and Inspector. All members serve seven-year terms.