(September 11, 2013) — Philadelphia-based William Penn Foundation is seeking a new ‘managing director’ to lead its $2 billion assets in a new direction.
The ‘managing director,’ as opposed to President, will report to the Board and will act as an advisory role to the chief investment officer, chief philanthropic officer, and the director of finance & administration.
“We’re looking for a leader who is able to work with the founding family and the board and make sure everything in the foundation is aligned,” Natalie Brooks, the foundation’s headhunter from ZRG Partners, said.
The new leader will also supervise the foundation’s planning and evaluation, community engagement efforts, and financial and operational management.
“We wanted to let people know the leadership role is taking a different direction,” Brooks said. “Most presidents’ roles are primarily to lead the philanthropy team. This is more leading, advising, and coaching.”
William Penn had parted ways with former president Jeremy Nowak in November 2012 because of a difference in style, causing the foundation to reassess its goals and strategies.
“This change reflects a significant expansion in our institutional capacity,” David Haas, chairman of the board of directors, said. “We are focusing on strengthening the organization at every level.”
Helen Davis Picher, current interim president, will not be considered for the position.
Brooks did not disclose the compensation for the role but said it will be appropriate for the market.
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