Vice President of Devleopment

Background

Capital Good Fund (“Good Fund”) is a nonprofit, U.S. Treasury-certified Community Development Financial Institution headquartered in Providence, RI. Founded in 2009, our mission is to create pathways out of poverty and advance a green economy through inclusive financial services. Good Fund employees are committed to using financial services to transform the lives of those we serve.

Summary

As a nonprofit lender, Capital Good Fund (“Good Fund”) capitalizes itself in several ways: loans to its loan fund, out of which it makes loans to its borrowers; sales of loans to impact investors; loans in the form of “growth capital” to its subsidiary, Social Capital Fund, which are used for operational expenses associated with scaling; traditional philanthropic giving in the form of grants and donations; and earned income.  

The VP of Development reports to the Senior VP of Investor Relations and works closely alongside the CEO, will serve in a key leadership role, and is instrumental in strategizing fundraising goals while growing and diversifying its funding base. An accomplished fundraiser with a track record of successful partnership-building, the VP will develop and maintain relationships with those dedicated to social change and climate justice who may provide funding to Good Fund. They oversee the Development team, who are responsible for the health and management of our grants program. The VP of Development will work with the Development Specialist, Senior VP of Investor Relations, and CEO to prepare grant applications and solicitations for funding, lead strategy across the organization’s fundraising efforts, manage funder relationships, and manage overall grant reporting and other fundraising activities.

As a member of the leadership team, the VP works closely with C-Suite and the Board of Directors. In addition, the VP of Development will report to and support our Senior VP of Investor Relations as they identify funding sources and strategize the best uses of grant capital. This position is an opportunity to help a growing non-profit build strong, sustainable, and diverse sources of philanthropic funding as we expand to new markets and deepen our presence within existing ones. 

Responsibilities

• Develop and monitor ambitious but achievable fundraising goals and associated metrics;
• Oversee the grant research process for new grant opportunities in our existing eleven-state footprint as well as in states to which we plan to expand;
• Responsible for Good Fund’s grants program, as an integral branch of Good Fund’s revenue and growth strategy;
• Manage the fundraising schedule, ensuring that letters of inquiry, grants, and grant reports are submitted in a timely manner;
• Lead strategy to determine which new funding opportunities to pursue, aligned with organizational priorities and strategic plan;
• Oversee the drafting, editing, and submission of high-quality grant proposals;
• Oversee processing of incoming grants and donations;
• Manage grant reporting, including use of funds and outcome data;
• Facilitate collaboration across program teams, accounting, and other internal teams to ensure proper compliance, reporting, and implementation of awarded funding;
• Supervise Development Specialist;
• Oversee certification, reporting, and grant requests through CDFI Fund;
• Lead improvement of internal processes across fundraising efforts.

Requirements

Required Skills, Knowledge, and Abilities

• Excellent communication and interpersonal skills, as well as analytical skills;
• Strong experience with grant writing and proposal preparation;
• High proficiency in the use of Client Relationship Management (CRM) systems
• Extremely strong writing skills;
• Ability to lead development strategy and build consensus;
• Significant experience with federal funding, compliance, and reporting;
• Be able to work well independently;
• Be detail-oriented;
• Have at least five years of relevant experience;
• Have a deep understanding of philanthropic fundraising and the role it plays in social and climate justice issues;
• Have a proven track record of successful relationship building and management, as well as having led successful grant-raising initiatives.

Preferred Skills, Knowledge, and Abilities

• Experience managing another team member or team
• Experience in the CDFI industry

Compensation and Benefits

This is a full-time forty-hour-per-week position. Salary available by request.

In addition, the VP of Development will receive a competitive benefits package that includes a 401(k) retirement plan with an employer match dollar for dollar up to 4%, medical insurance with a $500/month employer subsidy, dental insurance fully covered by employer for routine dental care, 5 paid personal days per benefit year, 15 vacation days in the first year on staff, and the opportunity to apply for personal loans of up to $2,000 at 0% interest. Company perks include flexible scheduling and 14 paid holidays!

How to Apply

Please send a one-page cover letter and accompanying résumé to jobs@capitalgoodfund.org. In the cover letter please address the following question:

• What is your experience with federal funding?