Chief Financial Officer

The Amalgamated Foundation is redefining philanthropy by empowering activism, harnessing generosity, and leveraging technology to build new pathways to move resources quickly and strategically to the frontlines of social change. Since launching in 2018, the Foundation has given away $500 million and built a strong network of partners across the sector. With a goal of reaching $1 billion contributed by 2026, the Foundation is focused on leveling up for sustainable future growth and increasing its ability to seed, convene, and build movements.

To support their growth trajectory, the Foundation is seeking nominations and applications for their inaugural Chief Financial Officer (CFO). This seasoned CFO will play an instrumental role in helping shape the Foundation’s next chapter, leading the financial and investment management functions of the organization. They will act as a strategic and business partner with the leadership team, helping the team provide greater clarity and insight into the Foundation’s business model, weigh opportunities, and represent the financial perspective in big-picture strategic conversations. This will include providing key strategic acumen around how the Foundation can diversify its financial structures in the service of moving capital more flexibly, as well as providing long-term sustainability for the Foundation. They will bring entrepreneurial energy to this nontraditional CFO role, building innovative financial strategies, systems, and processes to support the Foundation’s evolving business model and its ambitious growth trajectory. This role will require the CFO to forecast, adapt, and manage diverse revenue streams, including impact investing, fee-for-service structures, and grantmaking diversification.

The Amalgamated Foundation seeks candidates who are seasoned finance professionals with experience in scaling organizations and who bring a broad vision and experience in redistributing capital innovatively and in alignment with the Foundation’s values. They must have deep comfort navigating ambiguity, leading collaboratively, and creatively solving complex financial challenges with a small team.

The CFO will report to the CEO, and they will supervise a growing team, including the Finance Director and Finance Manager. This is an exciting opportunity for a dynamic leader to help shape and scale the financial strategy of a mission-driven organization, redefining the role of philanthropy in advancing social change.

ABOUT THE AMALGAMATED FOUNDATION

The Amalgamated Foundation started in 2018, growing out of a partnership with Amalgamated Bank, which for 100 years has championed worker’s rights, economic justice, racial equity, human rights & the environment. By harnessing the power of collective action and pursuing innovative funding approaches, the Foundation equips the philanthropic sector to respond nimbly to the most urgent challenges. Its community of individuals and institutions leverage its resources creatively toward actualizing a more just and equitable world, and through its diverse range of giving vehicles, the Foundation maximizes its collective impact to speed up the pace of change.

At its core, the Foundation offers a values-aligned alternative to donor-advised funds managed by mainstream financial investment firms that currently dominate the field. The Foundation’s vision is a platform that will evolve to meet emerging needs and opportunities to move resources for social change.

The Foundation advances its mission in the following ways:

• Advancing Change Funds – Donor Advised Funds wired to advance social change;
• Combining Impact Funds – initiated by funders of movement organizations to drive collective impact;
• Amalgamated Strategic Giving – providing direct support to organizations working for democracy, climate justice, and a fair economy;
• Rapid Response Funds – pooling resources to address urgent natural and civic crises;
• Aligned Capital – Impact investing options; and
• Sector Leadership – leading values-driven initiatives like Hate is Not Charitable, #HalfMyDAF, and its Fellows program.

Over the next five years, the Foundation is seeking to level up for sustainable future growth and increase its ability to seed, convene, and build movements.

OPPORTUNITIES AND CHALLENGES FOR THE CHIEF FINANCIAL OFFICER

The CFO will be an entrepreneurial, adaptive, forward-thinking financial and investment strategist with the ability to quickly gather and synthesize information for the leadership team, board, and staff to drive rigorous planning, forecasting, and decision-making. This role will include the following responsibilities:

Strategic Business & Financial Leadership and Implementation

• Provide thought partnership to the CEO and leadership team, proactively addressing issues and strategic opportunities and making recommendations supported by rigorous financial analysis and review, scenario modeling, and assessment of returns, risk, and due diligence. This will include providing strategic advice and counsel around options for how the organization can diversify financial structures (e.g., LLCs, 501(c)(4)s) to navigate regulatory constraints and enable flexibility in capital movement and long-term sustainability for the Foundation.
• Working closely with the CEO and the leadership team, play a significant role in monitoring relevant shifts in the marketplace and identifying opportunities for growth and innovation, continually assessing and adapting the Foundation’s business model, and developing the systems and practices that will allow the Amalgamated Foundation to capitalize on opportunities for moving capital in creative ways.
• Assess and adjust pricing and revenue models to ensure alignment with both client needs and organizational goals.
• Develop an impact investing portfolio strategy, building out the new and/or updated policies and accounting structures needed to support that strategy.
• Enable accountability and effective decision-making by delivering clear, accurate, and timely performance information to the Board, leadership, and staff.
• Forecast, adapt, and manage diverse and dynamic revenue streams, including impact investing, fee-for-service models, and diversified grantmaking, while strengthening internal capacity to operationalize these strategies.

Finance Department Oversight, Management, and Organizational Planning

• Develop the vision, strategy, and operational plan for all functions in the CFO’s span of control, establishing goals, objectives, policies, and procedures in accordance with the organization’s strategic plan and vision for the financial functions.
• Drive financial modeling and forecasting, ensuring financial sustainability for major initiatives, programs, and investments.
• Collaborate with the leadership team to plan and implement diversification of financial structures (e.g., LLCs, 501(c)(4)s) to navigate regulatory constraints and enable flexibility in capital movement and long-term sustainability for the Foundation.
• Steward the day-to-day operations and continuous improvement of the budgeting, finance and accounting, and related operational functions, including ensuring effective internal controls and mechanisms to detect and mitigate risk and protect the organization from asset losses and internal and external fraud.
• Ensure that the Foundation is in regulatory compliance, manage financial risks, and provide effective and responsive oversight of finances, audit, and investment strategies.
• Ensure the capacity of internal teams to meet growing demands for innovative financial strategies, including recoverable grants and complex investments.
• Oversee accounting control systems and internal audits, the accurate and timely production of accounting information and financial reports, and reporting on financial results and issues to the Executive Director and Board of Directors.
• Strengthen internal training and team capacity to ensure consistent delivery of financial expertise to clients and stakeholders.
• Establish processes to streamline grant and loan management, ensuring compliance, transparency, and sustainability.

DESIRED QUALIFICATIONS

While no one candidate will possess all of the qualifications listed below, the ideal candidate will be passionate about the Amalgamated Foundation’s mission and bring many of the following professional and personal abilities, attributes, and experiences:

• Seasoned and mature leader with at least 12 to 15 years of significant financial management experience, ideally across different sectors and/or types of organizations, including foundations, social enterprises, and mission-aligned entities.
• Advanced degree such as MBA or designation such as CPA or CFA preferred.
• Strong analytical skills and experience translating a strategic vision into an operational model that aligns with financial goals, planning, and analysis.
• Ability to drive decisions in a quickly evolving, dynamic environment.
• Demonstrated strong financial strategy, forecasting, and scenario planning capabilities.
• Deep understanding of 501(c)(3) and 501(c)(4) regulations, with demonstrated success in leveraging philanthropic and investment capital.
• Familiarity with impact investing, lending, and fund management, particularly in dynamic and growing organizations.
• Expertise in building and managing adaptive systems to respond to changing financial landscapes.
• Ability to operationalize innovative business models while ensuring alignment with organizational values.
• Demonstrated complex auditing experience.
• Skilled in preparing, reviewing, and analyzing operational and financial reports.
• Proven ability to build and mentor high-performing teams, fostering collaboration, accountability, and professional growth in dynamic environments.
• Skilled in analyzing problems, projecting consequences, identifying solutions, and implementing recommendations.
• Entrepreneurial mindset with a collaborative approach to leadership.
• Comfort navigating ambiguity and creatively solving complex financial challenges.
• Strong management skills and collaborative leadership style.
• Strong organizational development background.
• Strong written and oral communication skills.
• Ability to joyfully work in a start-up and remote environment.

WORK LOCATION, COMPENSATION & BENEFITS

Work Location: This role is remote and can be based anywhere in the United States. This position will require up to 15% travel, including participating in approximately 6 in-person meetings a year for leadership team planning/retreats, full team staff retreats, and board meetings. There may also be occasional travel to conferences or other events where the CFO will be representing the Amalgamated Foundation.

Salary and Benefits: The salary range for this full-time, exempt position is $238,000 – 280,000. A generous benefits package is also provided through Amalgamated Foundation, which includes:

• Excellent health benefits with 100% employer-paid coverage.
• Respect for work-life balance, including a flexible work-from-home policy with a remote office stipend.
• 20 days of vacation, 10 sick days, and 13 paid holidays.
• Parental leave options.
• 401(k) with match.