About ISAS Trust
The ISAS Trust has 22 members across Texas and Oklahoma as of January 1, 2021, and covers more than 3,200 employees and 5,500 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 an exempt 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.