About ISAS Trust
The ISAS Trust has 21 members across Texas and Oklahoma as of January 1, 2017, and covers nearly 2,780 employees and over 4,600 total individuals. Each member school is represented by a Trustee, and the Board of Trustees governs the activities of the ISAS Trust.
The ISAS Trust is a tax-exempt, 501(c)(9) Voluntary Employees’ Beneficiary Association (VEBA) governed by ERISA law. The Trust is also registered as a Multiple Employer Welfare Arrangement (MEWA) in the state of Oklahoma and operates as a Benefits Consortium under the Texas Education code. The ISAS Trust is audited annually by an independent accounting firm and receives an annual opinion from a registered actuary regarding its financial condition.