Now Hiring: Executive Director
Now Hiring: CIGP Executive Director
The Community Investment Guarantee Pool is seeking an Executive Director to build on its dynamic team of dedicated impact professionals.
We're seeking an Executive Director (ED) for the Community Investment Guarantee Pool (CIGP). This is a unique opportunity to lead and shape an innovative approach to investing philanthropic capital in community development. The Executive Director will work closely with the LOCUS President and CIGP Guarantors to shape and execute on the vision for the Pool and lead the team driving the day-to-day operations.
Serving both as the Executive Director of CIGP and a member of the leadership team at LOCUS, the ideal candidate will be a strategic, entrepreneurial leader who is energized about the unique possibilities that CIGP presents. With a growth mindset and a creative approach, the ED will be a visionary leader who can collaborate with internal and external stakeholders, design and execute a sustainable business model, promote the program nationally and grow the program’s size and impact in the coming years. The ideal candidate will have deep experience in the capital markets, structured finance, and risk management across a portfolio of complex transactions. Familiarity with transaction structures in the community development finance sector and relationships with investors is important.
CIGP is a new, emergent approach backed by a group of influential philanthropic investors. As such, the ED role is an exciting opportunity to make a significant difference in how capital flows in community development and to accelerate social impact in communities most in need. Stakeholder management, problem-solving, project management, and people development skills as well as demonstrated success raising capital and grant support are essential as is the ability to be nimble and thrive in a fast-paced, largely as-of-yet undefined environment. Candidates bringing passion for the work, strong transactional experience and exceptional relational and communication skills will be a strong fit.
Click here for the complete posting, responsibilities, and application.
Future Returns: Using Foundation Guarantees to Unlock Capital
This article from Barron’s highlights CIGP’s role as a ready-made, guarantee-based solution for rebuilding communities.
Read the full article here: https://www.barrons.com/articles/future-returns-using-foundation-guarantees-to-unlock-capital-01591728993
Loan Guarantees
Catherine Covington of MCE Social penned a blog article on how foundations can use loan guarantees to leverage more of their balance sheets towards their missions.
Read the full article here: https://www.confluencephilanthropy.org/Loan-Guarantees
Foundations: Use Your Balance Sheet to Help
Mark Kramer, Co-Founder and Managing Director of FSG, explains how foundations can use guarantees to provide relief from the impacts of COVID-19.
Read the full article here: https://www.fsg.org/blog/foundations-use-your-balance-sheet-help
The Hidden Power of Guarantees in Community Development Finance
Next city examines the potential for financial guarantees to be leveraged as tools for impact in underserved communities.
Read the full article here: https://nextcity.org/daily/entry/the-hidden-power-of-guarantees-in-community-development-finance
Mission, Money And Markets: A Needed Piece of Community Development Infrastructure, the 'Guarantee Bank'
Kimberlee Cornett, former managing director of The Kresge Foundation’s Social Impact Practice, discuses building a new infrastructure for community impact and investment using guarantees.
Read the full article here:https://kresge.org/content/mission-money-markets-needed-piece-community-development-infrastructure-guarantee-bank
Mission, Money And Markets: Making 'Cents' of Guarantees, the View from a CIO
Rob Manilla, The Kresge Foundation’s Chief Investment Officer, explains how foundations can utilize guarantees for impact.
Read the full article here: https://kresge.org/content/mission-money-markets-making-cents-guarantees-view-cio