Key Takeaways
- • The Boston Foundation, one of the nation's largest community foundations managing approximately $2.6 billion in assets, is actively recruiting a new Chief Investment Officer following the departure of its current investment chief.
- • The search is being managed by Korn Ferry, a leading executive search firm, with applications due to [email protected]; the position carries a salary range of $186,000 to $348,000 annually based on market data.
- • The CIO role is a senior leadership position responsible for developing, executing, and monitoring the Foundation's investment strategy, overseeing its portfolio of nearly 1,000 charitable funds, and driving long-term financial performance aligned with the organization's philanthropic mission.
- • The Boston Foundation, established in 1915, serves the Greater Boston region with a focus on economic opportunity, education, workforce development, housing stability, and health initiatives across underserved communities.
Summary
The Boston Foundation, one of the nation's first and largest community foundations, is undertaking a leadership transition in its investment operations. The foundation is seeking a new Chief Investment Officer to replace its departing investment chief, marking a significant leadership change at the $2.6 billion asset organization that has served the Greater Boston region since 1915.
The position represents a key executive role within the Foundation's leadership structure. The CIO will be responsible for leading, executing, and monitoring the organization's comprehensive investment strategy, overseeing the management of approximately 1,000 charitable funds, and ensuring portfolio performance aligns with the Foundation's long-term financial objectives and philanthropic mission. The role also requires the successful candidate to serve as a leader within the broader organizational context, contributing to overall strategic direction and governance.
The recruitment process is being conducted by Korn Ferry, a prominent executive search firm specializing in senior leadership placements. Qualified candidates are instructed to submit resumes and cover letters to [email protected]. Based on available compensation data, the position offers a salary range of $186,000 to $348,000 annually, with a median compensation of approximately $255,000.
The Boston Foundation's mission encompasses building an equitable, prosperous, and vibrant Greater Boston through grantmaking, donor engagement, research, and civic leadership. The organization manages nearly 1,000 charitable funds established by individuals, families, and organizations, directing resources toward expanding economic opportunities in underserved communities, improving education and workforce development, advancing housing ownership and stability, and promoting health and well-being for families and children. The new CIO will play a critical role in ensuring the Foundation's investment performance supports its ambitious philanthropic agenda across the region.
The position represents a key executive role within the Foundation's leadership structure. The CIO will be responsible for leading, executing, and monitoring the organization's comprehensive investment strategy, overseeing the management of approximately 1,000 charitable funds, and ensuring portfolio performance aligns with the Foundation's long-term financial objectives and philanthropic mission. The role also requires the successful candidate to serve as a leader within the broader organizational context, contributing to overall strategic direction and governance.
The recruitment process is being conducted by Korn Ferry, a prominent executive search firm specializing in senior leadership placements. Qualified candidates are instructed to submit resumes and cover letters to [email protected]. Based on available compensation data, the position offers a salary range of $186,000 to $348,000 annually, with a median compensation of approximately $255,000.
The Boston Foundation's mission encompasses building an equitable, prosperous, and vibrant Greater Boston through grantmaking, donor engagement, research, and civic leadership. The organization manages nearly 1,000 charitable funds established by individuals, families, and organizations, directing resources toward expanding economic opportunities in underserved communities, improving education and workforce development, advancing housing ownership and stability, and promoting health and well-being for families and children. The new CIO will play a critical role in ensuring the Foundation's investment performance supports its ambitious philanthropic agenda across the region.
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