Chief Philanthropy Officer

Background

Social Finance is a national nonprofit and Registered Investment Advisor working at the intersection of finance and policy. We are driven by the belief that social and economic systems should enable all people to thrive, and the conviction that we can create the most meaningful and measurable change in our communities when governments and markets work together. We continually challenge ourselves and our partners to use funding and data in innovative ways to achieve the greatest impact.

Tracy Palandjian, Sir Ronald Cohen, and David Blood founded Social Finance US in Boston in 2011. Today, we have more than 120 team members, with offices in Austin, Boston, New York, San Francisco, and Washington, DC. Since our founding in 2011, we have mobilized more than $400M in new investments designed to help people and communities realize improved outcomes in workforce and economic mobility, health, and housing.

We are driven by the belief that social and economic systems should enable all people to thrive, and the conviction that we can create the most meaningful and measurable change in our communities when governments and markets work together. Our organization is built upon five core values: people, performance, integrity, collaboration, and inclusion.

Summary

Position Location(s): Austin | Boston | New York | San Francisco | Washington, DC

Social Finance seeks an energetic, collaborative, and results-driven development leader with a deep passion for social impact and a successful track record in principal giving to serve as its inaugural Chief Philanthropy Officer (CPO). The CPO will oversee the organization’s philanthropy efforts and be responsible for the design and implementation of an ambitious strategy to meet a $300M-$500M fundraising goal in the coming years. To do this, the CPO will coordinate enterprise-wide efforts to grow revenue by introducing new relationships and deepening existing partnerships, particularly with individuals and families, to enable Social Finance to achieve a new level of impact, broaden its reach, and raise awareness of its mission. This is an exceptional opportunity for an executive who envisions a world in which social and economic systems enable all people to thrive to join an organization that is mobilizing capital at scale to drive systems change and deliver sustainable impact for people and communities around the country.

POSITION OVERVIEW

Philanthropy has long played a critical role at Social Finance, serving to advance its work across issue areas that include workforce and economic development, children and families, health, homelessness and housing, public safety and re-entry, and education. Historically, the organization has developed partnerships with a range of institutional foundations who have been critical in supporting growth. As the organization shifts from a high-growth start-up stage to one focused on sustainability and securing its long-term business model, it will rely on a visionary and strategic CPO to define and execute a comprehensive philanthropic strategy that establishes new funding streams and partnerships and deepens existing partnerships with both affiliated and unaffiliated individuals, families, foundations, and corporations.

Reporting into the CEO, and working closely with the President & COO, the CPO will serve as a member of the senior executive team and assume a role in setting Social Finance on an ambitious course to build on its mission. The CPO will lead the development and implementation of a comprehensive strategic plan for Social Finance’s philanthropy efforts, including defining the structure, budget, resources, team, processes, and metrics best suited to raising principal and transformational gifts and delivering on bold fundraising goals.

The CPO will establish the philanthropy program as an integrated center of excellence and central hub for the organization’s philanthropic activities, offering sophisticated stewardship strategies essential to maintaining and expanding donor relationships at the highest levels, producing a compelling case for support and related high-quality communication materials that translate technical information into stories of impact for growing and diverse donor audiences, and serving as a best-in-class resource to the organization’s business lines. An important part of this role will be to work alongside colleagues and collaborators in business lines across Impact-First Investments, Workforce and Economic Mobility, Advisory and Public Sector, and the Social Finance Institute, who may serve as primary relationship managers and who lend subject matter expertise to support fundraising efforts for their respective projects.

Further, the CPO will personally build and cultivate a portfolio of individual donors and institutional funders, soliciting major, principal, and transformational level investments and philanthropic gifts across the range of Social Finance’s projects as well as for general operating support. They will lead, inspire, and oversee the work of a growing three-person Partnerships team dedicated to meeting the fundraising goals of the organization, including defining the team structure needed to best meet these goals, and collaborating effectively with the communications, legal, finance, and administrative teams who support the needs of the Partnerships team, including proposal writing and prospect research.

Success in this role will require depth in traditional and interdisciplinary fundraising approaches, authentic relationship building in a matrixed environment, transparent cross-organization collaboration, and synchronized strategic thinking around donor interests. It will also require the candidate to develop a deep working knowledge of the organization’s mission and activities across all business lines, including key fundraising objectives, in order to appropriately connect to donor interests.

Social Finance’s results-oriented culture and dedicated staff require a candidate with equal drive, commitment, and joy. The ideal candidate will inspire cooperation, exhibit a disposition to listen and bring others along as they socialize new concepts, and offer a natural inclination towards integrating efforts to achieve goals. They are a composed fundraising executive who is curious and energized by the nature and purpose of impact investing and social finance, and the role philanthropy plays in advancing such a mission. The ability to excel in a fast-paced organization that consistently maintains high standards of excellence is vital, as is the ability to manage up, down, and across.

Responsibilities

STRATEGY & VISION

• Partner with the CEO to develop and implement a comprehensive philanthropic vision, revenue model, and growth strategy that advances Social Finance’s mission, values, and programmatic objectives and delivers fundraising results.
• Provide intellectual leadership to develop the future of our fundraising efforts, particularly in building a strong pipeline of high-net-worth individuals and families.
• Foster a giving Board and appropriately optimize the Board’s networks for philanthropic purposes.

FUNDRAISING & RESOURCE DEVELOPMENT

• Serve as a principal external fundraising leader, actively identifying and cultivating new prospects for funding and support.
• Build and manage a portfolio of individuals, families, and institutions through the identification, qualification, cultivation, solicitation, and stewardship cycles.
• Forge relationships with and propose creative engagement opportunities to a diverse population of prospects who will help realize six- to nine-figure solicitations that lead Social Finance to new levels of impact.
• Leverage the time and talents of the CEO, who is Social Finance’s chief fundraiser, to engage, cultivate, and solicit top donors and prospects.
• Identify strategic funding needs, determine areas in which donors would be interested in making philanthropic investments, analyze the prospect base and set appropriate short- and long-term fundraising goals in consultation with colleagues and collaborators.
• Lead colleagues and collaborators to engage funders and donors in gift and grant approaches for their respective projects and funds.

LEADERSHIP & COLLABORATION

• Lead and manage the team with a style that is empowering, highly communicative, encourages teamwork, provides mentorship, and creates a high-performance culture in a hybrid working environment.
• Serve as an outstanding coach and mentor, with a dedication to hiring, retaining, and developing outstanding and diverse talent.
• Establish clear leadership directives to drive measurable impact and achieve performance goals.
• Raise the internal profile of the Partnerships team by creating transparent workflows that allow for greater collaboration and visibility across departments and business lines.
• Partner with senior leadership, including effectively engaging and collaborating with key stakeholders across the organization (e.g., Investor Relations, the Social Finance Institute, and programmatic teams), to ensure an aligned strategy and approach that provides wide-ranging fundraising opportunities to current and new partners.

Requirements

• 10-15 years of experience in fundraising, ideally within a strategic initiative or interdisciplinary framework inside of a complex, fast-paced environment
• A prolific fundraiser with a successful track record soliciting and closing, at a minimum, seven-figure gifts; experience with a donor base that includes ultra-high net worth individuals is desired.
• Experience in setting and executing a strategic vision for a new or expanding fundraising program, with a demonstrated ability to innovate, scale, and adapt fundraising efforts to align with organizational goals and objectives.
• Open leadership style that provides support and autonomy to staff and collaborators, and that creates strong teams who are motivated and focused on achieving goals. Able to pivot between leading others and working independently to achieve engagement and revenue goals.
• Thinks big picture while paying attention to the detail and separating the critical from the routine.
• Deeply energized by Social Finance’s mission and theory of change.
• Commitment to diversity, equity, and inclusion; in particular, constructively gathering and expressing diverse points of view.
• An understanding of domestic policy, impact investing, social finance, or related fields is highly desirable.
• Able to travel nationally; in addition to funder-related travel, regular travel to the Boston office to collaborate with senior executive team members and colleagues will be expected.

Compensation and Benefits

BENEFITS

At Social Finance, we strive to deliver a benefits program that will enhance our overall value proposition to employees. Our current benefit offerings include:

• Comprehensive health care coverage: medical, dental and vision insurance; flexible spending accounts; Employee Healthy Actions programs and more
• Retirement savings plan with employer contribution
• Short-term, long-term and life insurance policies
• Commuter benefits and cell phone reimbursements
• Hybrid work model (in office three days per week, work from home two days per week and on an ad-hoc basis as needed)
• Dedicated budgets for team building and employee recognition
• Annual budget for external professional development opportunities
• Mentorship and onboarding programs
• Collaborative and energizing workspaces in downtown Boston, San Francisco, Austin and Washington, D.C.; New York, NY
• Paid vacation and paid holidays (with 12/24-1/1 off every year)
• Paid parental leave
• A truly stellar team of high performing, values-driven and fun (!) professionals

SALARY

Salary will be commensurate with the candidate’s experience and aligned with our organizational compensation framework. As a member of the senior executive team, the board will further consider an annual bonus dependent on both organizational and individual performance.

How to Apply

To view complete position description and apply for the Chief Philanthropy Officer opportunity, visit https://www.pearlstreetcollective.com/positions/sf-cpo