Nonprofit Finance Fund Names Antony Bugg-Levine CEO
New Chief Executive Expert in Nonprofit Management and High-Impact Philanthropy
New York – September 1, 2011 – Nonprofit Finance Fund (NFF) has named Antony Bugg-Levine as its new CEO. Bugg-Levine will chart the organization’s course as a leader in social-sector lending and advocate for high-impact philanthropy. His impact investing expertise will inform NFF’s role as a partner to a broad range of organizations that address critical issues and harness compelling opportunities. Bugg-Levine’s selection marks a key moment in NFF’s history as an institution that embraces both traditional and innovative approaches to financing social change.
Bugg-Levine joins NFF from the Rockefeller Foundation, where he served as a Managing Director since 2007. A champion of impact investing, Bugg-Levine conceived, developed and led the Rockefeller Foundation’s landmark initiative, Harnessing the Power of Impact Investing. He is co-author of the book, Impact Investing: Transforming How We Make Money While Making a Difference, launching next week at the SOCAP conference.
Bugg-Levine also brings deep experience in nonprofit management. Prior to his tenure at the Rockefeller Foundation, he was Country Director for TechnoServe for Kenya and Uganda. More on Bugg-Levine’s considerable achievements can be seen at: http://nonprofitfinancefund.org/bugg-levine
“In Antony, we’ve found a leader who understands firsthand the considerable challenges that the nonprofit sector faces and also embraces philanthropic innovation,” said Elizabeth C. Sullivan, NFF Board Chair and head of the CEO search committee. “His track record of spearheading positive social change will serve NFF well as the organization continues its charge to improve the financial durability of the sector for the benefit of all.”
“Now more than ever, we need to strengthen the social sector with effective financial practices as society’s challenges grow faster than our ability to mobilize resources to solve them,” said Bugg-Levine. “Over more than 30 years, NFF has come to combine unmatched practical experience as a lender and advisor with a legacy of pioneering thought-leadership. I look forward to working with the talented team at NFF and its partners to build NFF into an even stronger voice and engine of strategic innovation for the nonprofit sector and the broader impact investing industry.”
Bugg-Levine joins NFF as its second chief executive in the organization’s history. Founder Clara Miller left the organization earlier this year to lead the F.B. Heron Foundation. Longtime NFF board member Janet Thompson has served as interim CEO.
Bugg-Levine will assume his role at NFF on October 24.
ABOUT NONPROFIT FINANCE FUND (www.nonprofitfinancefund.org)
Nonprofit Finance Fund (NFF) is a national leader in nonprofit, philanthropic and social enterprise finance. Founded in 1980, NFF provides loan financing, access to capital and direct advisory services that build the capacity and the financial health of nonprofits. A leading community development financial institution with over $80 million in assets, NFF has provided over $235 million in loans and access to additional financing via grants, tax credits and capital in support of over $1.3 billion in projects for thousands of nonprofit clients nationwide. NFF has a staff of 70 serving nonprofits nationally from offices in New York City, Philadelphia, Newark, New Jersey, Boston, Detroit, Washington, D.C., San Francisco, and Los Angeles.
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