Kelly Mitchell was elected as the 55th Indiana State Treasurer on November 4th, 2014. In this role, Treasurer Mitchell serves as the Chair of the Indiana Bond Bank, the Statewide E-911 Board, the Indiana Education Savings Authority, the ABLE Authority, and the Sole Trustee of the State Police Pension Trust, among a number of other positions. As the state’s chief investment officer, she oversees the management of $8-9 billion on a daily basis.
Treasurer Mitchell currently serves as President of the National Association of State Treasurers (NAST) and is a member and Past President of the State Financial Officers Foundation (SFOF).
Prior to becoming Treasurer, Kelly Mitchell worked as the first director of TrustINdiana, Indiana’s local government investment pool.
From 1997-2004, Mitchell served as Cass County Commissioner. During her tenure, she served as President of the Board of Commissioners for five years and was named First-Term Commissioner of the Year by the Association of County Commissioners. While in office, she founded and co-chaired Cass County’s “Make a Difference Day,” managing hundreds of volunteers and dozens of projects every year.
Treasurer Mitchell holds a B.A. in Political Science from Valparaiso University, an M.A. in Philanthropic Studies from Indiana University–Purdue University Indianapolis, and an M.A. in Strategic Studies from the U.S. Army War College. During the summer of 2015, she completed The Commandant’s National Security Seminar at the U.S. Army War College. She is an alumna of the Richard G. Lugar Excellence in Public Service Services and the Aspen Institute’s Rodel Fellowship in Public Leadership. In 2016, Treasurer Mitchell was named a Sagamore of the Wabash by then-Governor Mike Pence and received the Torchbearer Award from the Indiana Commission for Women. In 2021, she was selected for the Jesse M. Unruh Award by the National Association of State Treasurers for her outstanding service to the association and her profession.
Mitchell resides in Carmel with her husband, Larry, and they have a blended family of four children and two grandchildren.
Download a PDF of the Treasurer's bio here.
Roles & Responsibilities
The Office of the Indiana State Treasurer is one of five constitutional offices and has broad responsibilities and authority in the areas of investment and finance. Kelly Mitchell serves as the 55th Treasurer of State, the fifth highest-ranking statewide government official. The Treasurer is elected statewide every four years. In addition to being the State’s chief investment officer and banker, the Treasurer serves as chairperson or a member of numerous State boards, commissions and authorities.
Below are some of the Treasurer’s key responsibilities:
- The Treasurer serves as the sole Trustee of the Indiana State Police Pension Trust, which provides pension, death, survivor, and other benefits to present and former employees of the state police department and their beneficiaries.
- As chair of the Indiana Education Savings Authority, the Treasurer plays a key role in encouraging attendance to higher education institutions, providing families with additional means of striving for education through the education savings program, and promoting the economic development of the state by creating opportunities for a more highly educated workforce.
- The Office of the Treasurer manages TrustINdiana, the local government investment pool created to provide all Indiana local units of government the opportunity to invest in a common pool of investment assets that preserves the principal of the public funds, remains highly liquid, and maximizes the return on investment.
- The Treasurer serves as chair of the Indiana Bond Bank, which has the mission to assist local government in obtaining low-cost financing for important public work, including school facilities and leasing essential equipment items.
- The Treasurer plays a significant part in public safety as the chair of the Statewide 9-1-1 Board. The Board is responsible for collecting surcharges from all communication service providers and distributing the funding to local units of government.
We uphold fiduciary responsibilities while investing and safeguarding public funds, overseeing the management of the state’s financial assets, and providing accurate and timely funding to state and local stakeholders.
As stewards for the State of Indiana, we will serve Hoosiers with honesty, integrity, transparency, and dedication. We will do all we can to protect and strengthen Indiana’s fiscal present and future, while learning from the past. With steadfast determination, we will deepen relationships, stay open to possibilities, and listen well to the people we are privileged to serve.
Boards & Commissions
Indiana Bond Bank
Indiana Statewide 911 Board
Indiana Education Savings Authority
Indiana Achieving A Better Life Experience (ABLE) Authority
Indiana Board for Depositories
Indiana Finance Authority
Indiana State Police Pension Trust Advisory Board
Indiana Housing & Community Development Authority
Indiana Deferred Compensation Committee
Indiana State Board of Finance
Indiana Grain Indemnity Corporation
Underground Storage Tank Financial Assurance Board
Next Level Indiana Trust Fund
Enterprise Resource Planning Governance Committee
Indiana Public Retirement System
Indiana Community Business Credit Corporation