The Foundation for City College, dedicated to the support of The City College of New York, seeks candidates for a new position, Chief Financial Officer (CFO) of the Foundation and Senior Finance Director (SFD). Reporting directly to the Vice President and Executive Director of the Foundation for City College and to the Vice President of Finance and Administration for City College of New York, the CFO & SFD will manage all Foundation assets ($365 million), build and directly oversee a team of approximately 9 financial professionals, and serve as the Foundation’s strategic administrative partner and its financial steward.
This is a significant leadership opportunity. The Foundation for City College is newly formed, a merger of the 21st Century Foundation and the City College Fund, and its mission is to raise money and to steward its endowment for the sole benefit of The City College of New York. This strategic merger opens the pathway toward a first-ever size campaign to raise philanthropic support for the transformation of City College, as envisioned by City College’s President, Vince Boudreau. The Foundation is poised for significant growth and extended impact.
The CFO & SFD will serve as the Foundation’s strategic administrative partner, its financial steward, and head of its financial support services, ensuring that the highest level of donor stewardship is met. The CFO& SFD will also represent the Foundation in its relationship with college departments such as Accounts Payable, Accounting, Human Resources, Auditing, and Information Technology.
Since 1847, The City College of New York (CCNY), located in New York City, has offered a world-class and affordable education in the heart of the most diverse city in the world.
CCNY offers undergraduate programs in architecture, engineering, education, the liberal arts, and sciences, preparing its students for the future and producing outstanding leaders in every field. Various graduate programs are also available to students including 50 master’s programs and doctoral programs in engineering, the laboratory sciences, and psychology. More than 16,000 students pursue undergraduate and graduate degrees in eight professional schools and divisions.
There are over 200 organizations and clubs for students to participate in around campus and 16 varsity teams that compete in NCAA Division III. Students come from around the corner, and world, representing more than 150 nationalities. CCNY is also the home to such important ‘firsts’ as: the first college explicitly founded on the ideal of educating the ‘whole people’, the first documentary film program in the U.S., the first intercollegiate lacrosse game played in the U.S., the first student government in the nation, and the longest running Alumni Association in the U.S. The campus is an integral part of the civic, urban, and artistic energy of New York and inseparable from its history.
The power to transform what students learn in the classroom, and apply it to communities both local and globally, is what makes CCNY such a unique institution of higher education. Ranking #1 on the overall mobility index by The Chronicle of Higher Education out of 369 selective public colleges in the U.S., graduates from CCNY are more likely to move up two or more income quintiles, and the Center for World University Rankings places CCNY in the top 1.2% of universities worldwide in terms of academic excellence.
CCNY’s accomplished alumni have gone on to become Supreme Court Justices, Secretaries of State, leaders of industry, world-renowned researchers and award-winning actors and musicians. As a public institution with public purpose and a 170-year history, CCNY produces citizens who make an impact on the cultural, social, and economic vitality of New York, the nation, and the world.
The Foundation for City College was formed in 2019 through the combining of the 21st Century Foundation and the City College Fund with the goal to form a unified fundraising organization for CCNY, improve the management of accounting, stewardship and disposition of philanthropy within the two separate foundations, and become a higher performing fundraising organization.
As part of the merger planning and in-depth review, significant improvements to historic practices were made. Accomplishments include improved internal controls; corrected accounting records, practices, and bookkeeping; the creation of an accounting procedures manual; the implementation of Financial Edge and migration of all accounts and financial management from legacy system (MIP); resolved audit findings; and newly created reports and aids to budget planning.
The merger positions the new Foundation to seize the College’s philanthropic opportunity, leveraging the College’s strong record of accomplishments.
As of May 2021, through the leadership of the City College President, the City College Chief Financial Officer, and the Executive Director of the Foundation of City College, the two foundations have been successfully merged. They are justifiably proud of having also maintained the commitment and engagement of the volunteer board leadership of the former foundations – a key constituency for the expansion of philanthropic support for the College.
The mission of the Foundation for City College is to provide access to educational and research excellence, particularly to students who might not otherwise attend a senior college. Private gifts have the power to advance higher education, which transforms lives and communities, and the Foundation strives to enrich the City College experience for students, faculty, and staff. The Foundation staff work in collaboration with the President of The City College of New York to raise significant financial support from private sources, and to steward the Foundation’s assets while serving as advocates for the College.
The Foundation supports a variety of programs at City College, including named professorships, advanced research operations, innovative programs leading to increased student success and campus-wide wellness opportunities, workforce development initiatives, and special programs and lectures that bring some of the nation’s top intellectuals to the campus.
The vision of the Foundation for City College is to be the steward of The City College of New York through the Foundation’s position as advocates for the College’s endowment and to serve as a leader in accountability, stewardship, and overall commitment to excellence.
The Chief Financial Officer & Senior Finance Director position is responsible for the achievement of the Foundation’s mission and goals by working in close partnership with the College and Foundation leadership to protect, manage and steward funds donated to the Foundation for the benefit of the College.
Financial Analyst and Advisor
Risk Management Administrator
Administrative Services Leader
The City College of New York is committed to a policy of equal employment and equal access in its educational programs and activities. Diversity, inclusion, and an environment free from discrimination are central to our mission.
It is the policy of City College to recruit, employ, retain, promote, and provide benefits to employees (including paid and unpaid interns) and to admit and provide services for students without regard to race, color, creed, national origin, ethnicity, ancestry, religion, age, sex (including pregnancy, childbirth and related conditions), sexual orientation, gender, gender identity, marital status, partnership status, disability, genetic information, alienage, citizenship, military or veteran status, status as a victim of domestic violence/stalking/sex offenses, unemployment status, or any other legally prohibited basis in accordance with federal, state and city laws.
It is also City College policy to provide reasonable accommodations when appropriate to individuals with disabilities, individuals observing religious practices, employees who have pregnancy or childbirth-related medical conditions, or employees who are victims of domestic violence/stalking/sex offenses.
This Policy also prohibits retaliation for reporting or opposing discrimination or cooperating with an investigation of a discrimination complaint.
Please email your cover letter and resume in confidence to: email@example.com
Suzanne Weber, MBA
Chief Executive Officer
Development Guild DDI