Announcing Our New President and CEO, Bruce McNamer
The Community Foundation for the National Capital Region Names
Bruce McNamer New President and CEO
WASHINGTON (April 30, 2015) – The Community Foundation for the National Capital Region, the largest funder of nonprofits in metropolitan Washington, has appointed Bruce McNamer as the organization’s new President and CEO, announced Martin Weinstein, chairman of The Community Foundation’s board of trustees. McNamer’s term will officially begin on June 1.
McNamer brings to The Community Foundation a long and distinguished record in philanthropy, business, and public service, beginning as a Peace Corps volunteer in Paraguay. Most recently, McNamer was CEO of the JPMorgan Chase Foundation, where he directed a broad-based portfolio of philanthropic initiatives including workforce readiness, financial capability and small business development
McNamer succeeds long-term president Terri Lee Freeman, who left the organization in 2014 to become President of the National Civil Rights Museum in Memphis, Tennessee. Under Freeman’s direction, the organization grew to over 780 component funds, totaling an estimated $328 million.
“Bruce is a dynamic leader who is deeply committed to strengthening our region through innovative, impactful, and effective philanthropy,” said Weinstein. “His knowledge of real market opportunities and commitment to smart, bold innovation make him the ideal person to lead The Community Foundation in its next phase of growth. I know that Bruce will be an extraordinary leader, not only for our Foundation, but for this region’s philanthropic community at-large. We are lucky to have him.”
Mr. McNamer’s appointment follows a broad national search conducted by a committee that reflected the region’s diversity and the richness of the philanthropic community.
“I am thrilled to be joining The Community Foundation for the National Capital Region, which has been – and will continue to be – a great example of the ways that engaged philanthropy can improve and expand well-being across the metropolitan region,” said McNamer. “There are real challenges facing our community. There is also a great opportunity to mobilize resources, innovate, expand our reach, and focus our attention on effective solutions. I am eager to roll up my sleeves and get started – and humbled and honored to be working with The Community Foundation’s expert team, board, network of partners and broad base of generous donors to bring equity, access, and opportunity to every person who lives here.”
Before joining JPMorgan Chase, McNamer served for nine years as the president and CEO of TechnoServe, a nonprofit organization that works with people in the developing world to build competitive farms, businesses, and industries. He grew the organization’s annual revenues to $75 million and drove its expansion to operations in 30 countries in Africa, Latin America, and India. Previously, McNamer was a senior executive and founder in technology startups, an investment banker at Morgan Stanley, and a management consultant at McKinsey & Company. McNamer originally came to Washington DC as a White House Fellow at the National Economic Council.
McNamer graduated from Harvard, holds both a JD and an MBA from Stanford, and is a 17-year Washingtonian.
“On behalf of the board and the entire Community Foundation team, we’d like to extend our deep thanks to Angela Jones Hackley, our vice president for philanthropic services,” said Weinstein. “Angela stepped in as our interim president, led our annual Celebration of Philanthropy, and kept us moving forward, while we conducted the search.”
The Community Foundation for the National Capital Region (The Community Foundation) works to ensure equity, access, and opportunity for all residents in the Washington metropolitan area. Our mission is to strengthen the Washington metropolitan region by encouraging and supporting effective giving and by providing leadership on critical issues in our community. We are a community of givers dedicated to inspiring and creating change across the Washington region and beyond.
The Community Foundation, which includes local offices in the District of Columbia, Montgomery County, Northern Virginia, and Prince George’s County, is part of a network of some 700 community foundations nationwide, each a tax-exempt, public charity made up of charitable giving funds established by individuals, families, corporations, and other organizations. The Foundation currently manages more than 700 donor funds with assets totaling more than $326 million. It is the largest funder of nonprofit organizations in the metropolitan Washington region, with annual grants of more than $90 million.