Hyundai's top US executive resigns in management shake-up

Hyundai | December 22, 2016

Hyundai Motor's top US executive Dave Zuchowski has resigned effective immediately, in the latest shake-up of the South Korean automaker's management ranks as it tracks toward its fourth consecutive year of profit declines.

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Moving to the cloud has many benefits and is perhaps the most important technology advancement in decades - promising immediate and posi ve impact on Nonprofits who adopt cloud compu ng.


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PHILANTHROPY

Abby Axelrod-Wunderman CAP Joins Fiduciary Trust International as Philanthropic Director for Family Office Services, Foundations & Endowments

Fiduciary Trust International | June 20, 2022

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Abby Axelrod has joined the firm as philanthropic director for family office services, foundations, and endowments. In her new role, Ms. Axelrod will assist families and nonprofit organizations across the country with board governance and dynamics, next-generation education, grantmaking, strategic visioning, fundraising and revenue diversification, and high-impact investing. Abby’s experience working with nonprofits and high-net-worth families will help us continue to enhance our nationwide philanthropic strategy, planning, and administrative support offering. We remain committed to meeting the complex, evolving needs of our clients, and enabling them to maximize the community impact they can make using their wealth.” Paul Cummings, head of family office services, foundations, and endowments Prior to Fiduciary Trust International, Ms. Axelrod served as director of charitable giving at the Community Foundation for Palm Beach and Martin Counties. Earlier in her career, she launched a private family foundation for a top hedge fund manager. Ms. Axelrod has been a consultant to various nonprofit organizations in Florida, South Carolina, and Virginia, and continues to serve on the advisory board of Impact the Palm Beaches. She is also a member of the board of the Elite Foundation. “Fiduciary Trust International has an outstanding reputation in the nonprofit community as a trusted advisor to foundations and endowments,” said Ms. Axelrod. “I am proud to join this firm’s team of dedicated professionals as it continues to grow its philanthropic solutions.” Ms. Axelrod contributes content about philanthropy to The Daily Drip, a Florida-based media company. She earned a master’s degree from Winthrop University in South Carolina, and graduated summa cum laude with a bachelor of arts from the University of Kent in Canterbury, England. Ms. Axelrod holds the Chartered Advisor in Philanthropy (CAP) designation from the American College of Financial Services. About Fiduciary Trust International Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $98 billion in assets under management and administration as of March 31, 2022, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The New York-based firm and its subsidiaries maintain offices in Coral Gables, FL; Boca Raton, FL; St. Petersburg, FL; Radnor, PA; Lincoln, MA; Los Angeles, CA; San Mateo, CA; San Francisco, CA; Washington, DC; Wilmington, DE; Reston, VA; and Atlanta, GA. About Franklin Templeton Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.45 trillion in assets under management as of May 31, 2022.

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NONPROFIT MANAGEMENT

Charles Schwab Recognized by Points of Light for Driving Social Impact in Communities

Charles Schwab & Co. | June 17, 2022

For the sixth consecutive year, Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change, recognized Charles Schwab among the 50 most community-minded companies in the U.S. For 10 years, The Civic 50 has provided a national standard for corporate citizenship and showcases how companies can use their time, skills, and resources to drive social impact in their communities and company. The Civic 50 honorees are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs – investment of resources, integration across business functions, institutionalization through policies and systems and impact measurement. Our commitment to giving back to our communities is entrenched in Schwab’s culture of service, and we are honored to be recognized again by Points of Light. Schwab is committed to meaningful community investments and partnerships that advance financial literacy and make lasting, positive change in communities across the country. The generous spirit of our employees is more important than ever as we strive to bring hope and opportunity to communities across the country.” Carrie Schwab-Pomerantz, president of Charles Schwab Foundation Schwab has a long-standing culture of strengthening its local communities through financial literacy, volunteerism and community support. Through its signature financial literacy program Moneywise America, Schwab aims to level the economic playing field by making free, high-quality financial education accessible to everyone, helping to close the financial education gap that most schools struggle to address. In addition to financial literacy, Schwab employees volunteer thousands of hours annually through Schwab Volunteer Week, skills-based volunteerism programs, and other employee-driven volunteer initiatives that benefit nonprofits, schools, students, teachers, parents and families nationwide. Schwab is committed to providing financial, people and intellectual resources that support social causes that are responsive to community needs and reflective of employees’ interests. In 2021 alone, Schwab and Charles Schwab Foundation provided $10.2 million in direct support to more than 3,500 nonprofit organizations, including nearly $2.5 million in matching funds to nonprofit organizations supported by Schwab employees. Also in 2021, 4,250 Schwabbies volunteered nearly 10,000 hours to benefit local communities. “Corporate leadership and commitment to civic engagement is critical for strengthening communities,” said Natalye Paquin, president & CEO of Points of Light. “Our most recent global research shows 86 percent of people say they expect companies to take action on a social issue. Companies like Schwab are leading the way and setting an example of how you can leverage your employee talent, business models and assets to create deep impact that drives transformational change.” The Civic 50 survey is administered by True Impact and consists of quantitative and multiple-choice questions that inform scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate involvement in communities. About Charles Schwab & Co. The Charles Schwab Corporation is a leading provider of financial services, with 33.8 million active brokerage accounts, 2.3 million corporate retirement plan participants, 1.7 million banking accounts, and $7.30 trillion in client assets as of May 31, 2022. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., and their affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com. TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. About Points of Light Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. Points of Light envisions a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 177 affiliates across 38 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 16 million hours of service each year. Points of Light brings the power of people to bear where it’s needed most.

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NONPROFIT TECHNOLOGY

CyberGrants Kicks Off Social Impact Leadership Conference

CyberGrants | June 07, 2022

Today marks the beginning of the Social Impact Leadership Conference (SILC), hosted by CyberGrants, a Bonterra company. The event runs June 6-8 and is being held in Austin, Texas. For the first time since 2019, SILC returns in-person to bring together the corporate social responsibility (CSR) community, offering presentations from industry thought leaders, breakout sessions with professionals representing grant making, workplace giving, volunteerism, nonprofit engagement, and networking opportunities to reconnect with nonprofit and CSR leaders. SILC sessions and panels will be focusing on a variety of CSR topics, including nonprofit collaboration, employee and community engagement, grant management, disaster and crisis philanthropy, impact measurement perspective of corporations' nonprofits and investors, and data-driven corporate social responsibility. SILC will also feature a session with Bonterra's Chief People Officer, Terilyn Monroe, and CyberGrant's General Manager and Chief Product Officer of Corporate Social Responsibility, Pete Karns, to offer perspectives on how CSR is an essential element of high-functioning HR outcomes by turning the great resignation into an opportunity to attract and retain talent. Additionally, Bonterra CEO, Erin Mulligan Nelson, will speak regarding the recent announcement that the technology and people behind CyberGrants, EveryAction™, Network for Good®, Social Solutions®, and their respective entities, have come together as Bonterra. Announced in March, Bonterra is creating an industry-defining software platform to power those who power social impact, enabling unprecedented connectivity between social good organizations and their community of supporters and constituents. I'm excited to be reconnecting personally with our industry for SILC 2022. Corporate philanthropy is more critical now than ever to help raise the bar for how social change happens, and the insights, conversation, and connections happening at SILC are an important part of that ongoing mission. Our conference has always been about community and a forum for inspiration and empowerment. We are proud to serve those in need by supporting the corporate giving community with the tools, support, and knowledge required to achieve their missions." Erin Mulligan Nelson, CEO of Bonterra About Bonterra Bonterra is the second-largest and fastest-growing social good software company in the world with solutions from CyberGrants, EveryAction, Network for Good, Social Solutions, and their respective entities making up its product family. Bonterra, which stems from the French word for "good" (bon) and the Latin word for "land" (terra) represents the exponential good that can be accomplished with the right foundation and supports the company's purpose to power those who power social impact. Bonterra's differentiated, end-to-end solutions collectively support a unique network of over 19,000 customers, including over 15,000 nonprofit organizations and over 50 percent of Fortune 100 companies. About CyberGrants CyberGrants is a leading provider of software-as-a-service solutions for corporate social responsibility. Since its founding in 1999, CyberGrants has delivered fully-hosted web-based SaaS solutions to many of the largest companies and foundations in the world, including 40% of the Fortune 100. Through its integrated grants management and employee engagement suite, CyberGrants connects companies, foundations, employees, and not-for-profits to support the delivery of more than $2.5 billion of charitable giving annually.

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NONPROFIT MANAGEMENT

Nonprofit Finance Fund Selects Aisha Benson as CEO and President

Nonprofit Finance Fund | June 30, 2022

Nonprofit Finance Fund is thrilled to announce Aisha Benson as its next CEO and President. Benson, a leader with a substantial track record advancing racial equity in community development finance, was selected after an extensive nationwide search and brings exceptional industry expertise, deep networks, and a passion for social justice to the position. She will be NFF's third permanent CEO and President in its 42-year history. Aisha is the right leader at the right time to support NFF's efforts to help mission-driven organizations achieve communities' aspirations. Her vision, experience and relationships are an exciting match as NFF continues its tremendous growth." Henry A. J. Ramos, NFF Board Chair Benson will start on August 8, and will be based in New York. She joins NFF from TruFund Financial Services, where as Executive Vice President and COO she was instrumental in developing strategy, securing new business, fundraising, and overseeing lending and tax credit services. Benson serves on several key industry boards, including the Opportunity Finance Network, NMTC Coalition (Board Chair) and New York CDFI Coalition (founding member and Vice President). She also serves on the advisory boards of the Community Development Entities of US Bank and Coastal Enterprises. "NFF has earned a reputation for challenging status-quo finance and philanthropy and advocating for the nonprofits we rely on for so much," said Benson. "I look forward to leveraging my industry expertise and lived experience to further hone NFF's strategy and approach to integrating the flow of capital and advisory services in ways that maximize community collaboration and create transformational, sustainable outcomes for communities of color." Benson takes the helm from NFF interim CEO and President Trella Walker, who along with Executive Transition Team colleagues Kristin Giantris and Andrea Briscoe has been leading NFF since June 2021 when longtime CEO Antony Bugg-Levine announced his planned departure. Over the past ten years, NFF has increased its loan portfolio by 400 percent, built a diverse team with a broad range of expertise, and accrued $54 million in net assets without donor restrictions (as of Dec. 2021) to invest in its mission. Recent initiatives including the Strategic Innovation Fund, COVID-19 recovery zero-interest loan funds, the State of the Nonprofit Sector Survey, and Rising Together exemplify NFF's commitment to using its assets and resources in service of community-based nonprofits, particularly those led by and serving people of color. As Walker moves on from NFF she will continue her longstanding consulting practice focused on strategy and impact, organizational change management, and DEI (diversity, equity, inclusion) and belonging—all areas of deep expertise she drew on to help NFF navigate a season of transition. "It has been a true honor to help move NFF forward by strengthening our ability to serve communities of color with staff and resources aligned with our strategy and now Aisha can advance our commitment with great fervor and fortitude," said Walker. "I am excited to see NFF's next chapter." "We are deeply grateful to Trella and the Executive Transition Team for skillfully guiding NFF in bold pursuit of its strategy, and know that other mission-driven organizations will benefit from her sage counsel," said Ramos. "To be in such a strong position, especially amid more global changes in our field and in the world, is a testament to the skill and determination of this team in service of NFF's mission." Benson was selected as part of a comprehensive, nationwide search led by NPAG in partnership with NFF's board. About Nonprofit Finance Fund Nonprofit Finance Fund (NFF) is a nonprofit lender, consultant, and advocate. For more than 40 years, we've worked to strengthen nonprofit organizations and improve the way money flows to social good. We believe that alongside others we must build a more equitable and just social sector, and are committed to helping community-centered organizations led by and serving people of color access the money and resources they need to realize their communities' aspirations.

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