(Lead Investor and Fiscal Sponsor: The St. Louis Community Foundation)
Invest STL is recruiting a candidate for the first full-time Executive Director. Invest STL is a bold community initiative founded to build on existing neighborhood assets by adding a supportive systemic channel for community-based work. Invest STL is a collaborative partnership of senior key community institutions, including: St. Louis Community Foundation, Washington University, St. Louis University, University of Missouri – St. Louis, Rise, Community Builders Network, numerous financial institutions, among other community organizations and foundations. The St. Louis Community Foundation (“SLCF”) is a lead investor in Invest STL and serves as the host sponsor. Leaders of low-moderate income neighborhoods work with Invest STL to receive technical assistance and increased financial support for community improvement and to maximize impact.
Given the much-studied and long-standing disparities in neighborhoods throughout the St. Louis region (recent studies include: “For the Sake of All”, “Segregation in St. Louis: Dismantling the Divide”), Invest STL was created to ensure long-term and holistic improvement for neighborhoods of low-moderate income. Neighborhood improvement will accelerate and bring about large scale change by achieving better coordination, sufficient scale, and more expertise. Invest STL (www.InveSTL.org ) is building a network of leaders, funders, nonprofits and experts to strengthen regional efforts to increase financial support for community development investments and to maximize their impact. Invest STL has been developed as a catalyst to harness the thought leadership and expertise to develop programs and improve communities through long term and sustained investment.
Invest STL Now
Invest STL is the product of professionals from multiple sectors working together via its board of leaders with decades of experience in philanthropy, finance, construction, academia, and community organizations. A current listing of the leadership board and partners can be found on the Invest STL website (http://investl.org/team; http://investl.org/partners). Invest STL’s partner in providing technical assistance to community organizations is Rise, which has over 20 years of capacity building and neighborhood plan development experience while coordinating public private partnerships.
Invest STL focuses on the following four areas:
- Leveraging resources for the benefit of the community by linking funders, public resources, local institutions, and community organizations to coordinate their efforts in order to achieve neighborhood improvement with lasting impact.
- Providing technical assistance to community development organizations dedicated to neighborhood improvement.
- Providing grants to community organizations through a racial equity lens.
- Raising philanthropic funds and working with the lending community to develop loan programs and facilitate investment in community projects and initiatives.
The Executive Director will report to the President and Chief Executive Officer of the St. Louis Community Foundation and will work closely with the Invest STL leadership board and the board of directors of the St. Louis Community Foundation.
Measures of Success
In the next five years, through the leadership of the first permanent Executive Director, Invest STL will measure success by the following:
- Quantitative and qualitative improvement in the neighborhoods where Invest STL has invested.
- The work of Invest STL will be known and respected throughout the region and the improvements achieved will have attracted more donors and resources to the effort.
- The number of community development organizations with demonstrated expertise and financial stability has increased.
- A broad local base of charitable dollars raised for strategic investment in priority neighborhoods is established and growing.
- Sustained financial support for innovative community development from local and national funders has increased.
- Provide visionary, strategic, and inspiring leadership, and have a personality that ignites passion and progress.
- Build relationships and partnerships, collaborating with public and private entities. Work with community representatives and collaborators and help to enlist and sustain them as critical participants to achieve common goals.
- Manage and communicate within and outside both Invest STL and the St. Louis Community Foundation; serve as the primary external contact, chief advocate, and spokesperson for Invest STL.
- Lead the fundraising effort for local and national philanthropic dollars for strategic investment in multiple neighborhoods.
- Build and lead a team of professionals who champion, advocate, and lead a bold community development system in the St. Louis region committed to neighborhood change that produces equity and growth.
- Manage the development of and facilitate investment in a pipeline of catalytic community improvement projects.
- Prepare the annual operating budget and develop fundraising strategies to support the mission and objectives of the organization, ensuring financial sustainability and sound financial practices.
- Oversee Invest STL’s technical support personnel and consultants.
Required Qualifications and Critical Qualities
The chosen candidate will be known for his/her ability and commitment to advocate for and facilitate community development and revitalization in a challenging urban context involving an economically disadvantaged population. They will have a track record of building and leveraging relationships within and among a diverse group of stakeholders in a community, business and/or nonprofit setting. In addition, the candidate will have:
- Five to ten years of progressive leadership experience that includes some combination of one or more of the following: planning, government or community relations, public administration, community development, real estate, finance, or urban real estate development.
- Knowledge of a variety of public policy and financial incentives regarding community development, including historic tax credits, low-income housing tax credits, new market tax credits, tax abatements, tax increment financing, and transfer of development rights.
- Demonstrated ability to attract and sustain philanthropic funding. Recognized understanding of and experience with the logistics of grantmaking, including the preparation/negotiation of grant agreements, general grant administration, evaluating grantee progress reports, and preparing grant summaries/updates for board members.
- High energy self-starter who has a detail-oriented approach to working in a cross-functional, team-driven organization committed to community service.
- Excellent business and financial skills, including a proven background in managing and supervising professionals in a collaborative, team-oriented work environment.
- Exceptional written and verbal communication skills, including social media. Capable and self-sufficient in resource-scarce environments.
- Personal integrity, honesty, and respect for others as demonstrated throughout their career.
- Bachelor’s degree in business, finance, real estate, urban planning, or related fields. Master’s degree preferred.
Compensation and Benefits
Our compensation and benefits package are competitive for the field and will be commensurate with experience, qualifications, and record of achievement.
Application and Additional Information
Submit in confidence a cover letter and resume via email to: Marilyn Trauner at firstname.lastname@example.org.
The St. Louis Community Foundation and Invest STL prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, national origin, disability status, gender identity or expression, protected veteran status, or any other characteristic protected by law. The St. Louis Community Foundation conforms to the spirit as well as to the letter of all applicable laws and regulations. Diverse candidates are encouraged to apply.