Mississippi school districts and community colleges have a sound investment tool through the Mississippi EdPool (EdPool), a pooled investment program that allows Mississippi public schools and community colleges to make short to intermediate term investments for the best use of school district funds. The EdPool is a trust owned by participating school districts and community colleges and is designed to allow easy investments and withdrawals of funds by participants. Each participant owns its pro-rata share of the EdPool.
The EdPool is co-sponsored by the Mississippi School Boards Association, the Mississippi Association of School Superintendents and the Mississippi Association of School Business Officials. Trustmark Investment Advisors, Inc., a wholly owned subsidiary of Trustmark National Bank, has been retained as the investment manager of the EdPool.
School districts have two investment options with the EdPool: short to intermediate term investment pool and, short term investment pool. Both pools began operating in late 2004.