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TSET Board of Directors Delays Making New Funding Commitments

Oklahoma City, OK (October 6, 2015) - The TSET Board of Directors voted to delay any new funding commitments this fiscal year at their quarterly board meeting.

Earnings from the investments in the Tobacco Settlement Endowment Trust decreased, like many national managed funds, due to international market volatility. Investment earnings will allow the TSET Board of Directors to meet all currently funded grants – most are multi-year grants.

TSET staff will continue to be available to discuss potential projects of prospective applicants.