The has announced that Clara Miller, its founder and president and CEO, is leaving the organization to head the New York City-based , effective March 1.
Under Miller's leadership, NFF has evolved from a spin-off of the to become a key financial resource for the social sector and its funders, helping thousands of organizations gain access to capital and boost their capacity. As a federally certified Community Development Financial Institution (CDFI), NFF has invested more than $1.3 billion in nonprofits, including direct and off-balance-sheet lending, New Market Tax Credit transactions, and various forms of philanthropic equity.
Starting February 8, NFF board treasurer and former chair Janet Thompson will take over as interim CEO of the fund. A committee of the organization's board will lead the search for Miller's successor.
"I am proud of what NFF has achieved in helping nonprofits connect money to mission and am moving on to the next chapter in my career with complete confidence in NFF's smart and dedicated team as they chart future success," said Miller. "Beyond her substantial credentials, Janet Thompson knows NFF's people, culture, and business extremely well and is the ideal leader at this moment of transition."