Pennsylvania – State Financial Officers Foundation

About

Stacy Garrity is serving her first term as treasurer of the Commonwealth of Pennsylvania and is next up for reelection in 2024. She oversees an office of more than 300 employees and is responsible for managing more than $150 billion in state assets.

Garrity is an Army veteran who completed three deployments in the Gulf region and Iraq between 1991 and 2008 before retiring from the Army Reserve with the rank of colonel. While serving in the armed forces, she worked as a cost accountant at Global Tungsten & Powders Corp., a global supplier of refractory powders, working her way up to become the first of two female vice presidents of the company.

In her current role, Garrity also serves as the inaugural chair of the ABLE Savings Plan network, a group formed by the National Association of State Treasurers to offer tax-advantaged, state-sponsored investment accounts for people with eligible disabilities.

Actions

Signed State Financial Officers Foundation (SFOF) organized resolution supporting Israel’s genocide in Gaza and committing to invest in SFOF bronze-sponsor Israel Bonds despite “Moodys and Standard and Poors (S&P) have[ing] recently downgraded Israel’s credit score, citing a negative outlook on Israel’s economy (5/14/24)
Spoke on an Israel Bonds (SFOF bronze-level sponsor) virtual briefing to “Support Israel Bonds During Its War Effort” with Israel Bonds President & CEO Dani Naveh and Head of National Sales Stuart Garawitz; NTG Consultants CEO Norm Taplin; Ohio Treasurer Robert Sprague; Illinois Treasurer Michael Frerichs; Palm Beach County Clerk of the Circuit Court & Comptroller Joseph Abruzzo; and Oklahoma Treasurer Todd Russ (12/7/23)
Invested $20 million in taxpayer money in Israel Bonds, a bronze-level SFOF sponsor, to “show our support at a time when the people of Israel are facing horrific terrorism.” (10/12/23)
Signed an Advancing American Freedom coalition letter to leaders in the U.S. House of Representatives demanding that “The Woke 401(k) Rule Must Be Repealed” (3/28/23)
Office staff member shared ESG legislative initiatives it is tracking with SFOF CEO Derek Kreifels (12/1/22)
Hosted a panel discussion at the SFOF 2022 Fall National Meeting titled “The Rising Threat of China and the CCP” with Heritage Action’s Executive Director Jessica Anderson and Commissioner Bob Borochoff from the U.S.–China Economic and Security Review Commission (11/14/22)
Office staffers met with Vivek Rasmaswamy and others from Strive Asset Management to discuss the “Outsourced Shareholder Engagement and Proxy Services (OSEP) Strive will be providing to other states” (11/7/22)
Signed a letter to the Securities and Exchange Commission opposing the proposed rule known as The Enhancement and Standardization of Climate-Related Disclosures for Investors (6/17/22)
Signed a letter to U.S. Special Presidential Envoy for Climate John Kerry expressing “deep concern with recent reports” that the Biden administration is “privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies” (5/25/21)
Signed an SFOF letter urging President Biden to withdraw his nomination of Sarah Bloom Raskin as vice chair for supervision at the Federal Reserve for her “radical banking and economic views” that would “disrupt the private banking sector, reliable energy supplies, and the U.S. economy” (1/31/21)

Recent Campaign Filings

For older filings search for the officer’s name in the SFOF Exposed document library.

Statements of Financial Interests

Contact Information

Pennsylvania Treasury
129 Finance Building
Harrisburg, PA 17120
Website: patreasury.gov
Phone: (717) 787 2465
Email: NA