State treasurer Ken Miller appointed OC Board Chair Don Millican to the Board of Directors of the Oklahoma Tobacco Settlement Endowment Trust.
“I am pleased to appoint Don to this important board,” Miller said in a news release. “With his history of philanthropic work in the Tulsa area, I know Don will help the board in fulfilling its mission.”
Millican is Chief Financial Officer at Kaiser-Francis Oil Company in Tulsa. He serves on the boards of Tulsa Educare, Inc., which provides early education for at-risk children, and Neighbor for Neighbor, which operates a free health clinic in North Tulsa.
He has chaired OC’s Board of Trustees since 2001. He and his wife Donna established an endowment at Oklahoma Christian that supports an annual ethics symposium at the university.
He previously served on the board of the Community Action Project of Tulsa County, which works to break the cycle of poverty through early childhood education.
Millican will serve a seven-year term, expiring in July 2019. The constitution requires the composition of the board of directors be balanced by political party and by congressional district. Millican is a Republican and resident of the First Congressional District.
“I look forward to serving the state in the effort to reduce tobacco consumption and to improve the overall health of our citizens,” Millican said.
Created by constitutional amendment in 2000, the seven-member board of directors is responsible for directing the earnings from the endowment trust to fund programs to improve the health and well-being of all Oklahomans.
Management of the fund is overseen by a board of investors chaired by Miller, who also is an associate professor of business at Oklahoma Christian.
Since inception, almost $118 million in earnings have been certified for use by the board of directors. More than $36 million in earnings were certified last year. The fund has a balance of more than $710 million.