Lee Pelton stands up delivering remarks at an event, behind him is the purple TBF arrow icon.

A Leader’s Reflections

September 2026 For the Fall edition of TBF News, Lee Pelton reflects on his five-year tenure as President and CEO of the Boston Foundation and what we accomplished together.

When I arrived at the Boston Foundation in May 2021, I said I believed TBF could help translate moral urgency into civic action. I still believe that. What I did not fully anticipate was how much this institution would teach me. Our nonprofit partners, the communities we serve, our staff, our passionate donors—all changed how I listen. What a gift.

What we built together

Five years ago, TBF’s assets stood at roughly $1.6 billion. Today they stand at $2.7 billion. When I arrived, we were directing around $160 million a year into the community. This year, we are on track to receive $512 million in total contributions and disburse $392 million in grants to the communities we serve.

These numbers represent the scale of trust donors have placed in this institution, and the power of translating philanthropic intent into impact. To achieve that impact, TBF took action—both inward and outward facing—toward ambitious goals over the last five years:

  • We listened and learned from community, built trust, and partnered more closely with grassroots and nonprofit leaders.
  • We strengthened the partnership among the Board, staff, donors, and community, building the alignment and shared ambition needed to move TBF forward.
  • We reinforced our equity funds, which are in a magnificent place, growing and thriving and serving the AAPI, Latino, and LGBTQ+ communities.
  • We thought and iterated how we frame our work to optimize the complex interconnectedness and many levers working together in community ecosystems—of which TBF is one part.
  • We created the Greater Boston Partnership to Close the Racial Wealth Gap, which is approaching its initial $25 million goal and on track to generate $170 million in home equity for more than 700 first-time homebuyers.
  • We established a learning and measurement function, one of the first at a community foundation, which has helped us make great strides in how we think about and measure impact.
  • We rebranded and launched a marketing team.
  • We continued to strengthen our research capacity, especially through Boston Indicators, a powerhouse of fact-finding, truth-seeking, and thought leadership at TBF.
  • We launched a climate initiative.
  • We invested in the technology infrastructure this institution needs for the next decade, including a deliberate and ongoing conversation about how to use AI for good while staying true to our values.
  • And, as the federal government compounded its assault on democratic rights and freedoms, seeking to erase the cultural, social, and human identities of those we serve while starving vulnerable communities of life-sustaining resources, we launched Meeting the Moment in two timely phases: Sustaining Families ensured that hungry residents could get food and nourishment following the 2025 SNAP cuts; Supporting Our Immigrant Neighbors stood with and supported immigrant communities and the organizations that serve and protect them amid federal threats, policy changes, and cruelty.

These accomplishments are huge, and there are hundreds more. I am immensely proud to have been at the drawing board on some of these; an advisor to others; and a champion, supporter, or sounding board for many more. That said, none of this happened simply because of me. It happened because our staff showed up every day, listened and thought deeply about where and how TBF could make a difference. And they did all that in close partnership with community leaders, donors, policymakers, and others.

From Board of Directors Chair Dwight Poler

With deep appreciation, we salute outgoing President and CEO Lee Pelton. His dedicated work with the Boston Foundation Board and staff, community leaders, elected officials, the media, and partner organizations has made a marked impact on Greater Boston and a lasting contribution to the strength of the Foundation.

We are fortunate to seek a new CEO now from a position of growth, influence, and promise. Our core values as a community foundation remain steadfast and forward-looking. We have great ambition to further establish TBF as the region’s premier philanthropic partner, supporting and amplifying donors to realize lasting impact in a thriving and equitable Greater Boston. We have engaged a search firm to assist in our recruitment of the ideal leader to guide the Boston Foundation to even greater outcomes. These experts are listening actively to donors and community, alongside the Board and staff, to understand specifically the qualities needed to enable the Foundation’s best work and face the challenges and opportunities—both known and new—that lie ahead. We are excited about the chapter ahead, and look forward to your part in it.

Lee’s essay in this newsletter captures the profound thoughtfulness and ambition he brought to his charge at TBF. We know the Foundation, city, and region will continue to benefit from his civic engagement and we will uphold his legacy through TBF’s ongoing quest to improve lives and strengthen communities.

Five years ago, TBF’s assets stood at roughly $1.6 billion. Today they stand at

$2.7 billion.

Equity as a throughline

Moral urgency and institutional ambition are not in tension. The bigger and stronger TBF becomes, the greater its obligation to use its power in service of those who need it most and to remove structural inequities that have been with us far too long. Fighting for closing the racial wealth gap, for housing affordability, civic participation, immigrant rights—these examples are not isolated. They are all instances of challenging the same underlying systemic flaws. I am proud that TBF has had the courage to take on the big issues, to name them, and to act.

A closing thought

This institution has served Greater Boston for more than 110 years. Its legacy does not belong to any single leader. It belongs to every staff member who has wrestled with a hard grantmaking decision, stayed late to support a community partner in crisis, or found a way to do more with our resources in service of the people who count on us. It belongs to every nonprofit organization that has labored to bend the arc of history toward justice, to all the donors whose generosity has enabled our work, and to the advocates and policymakers who have helped codify progress and stamp it into our daily life.

TBF is not recruiting a new CEO to fix a broken organization but to lead a thriving one. This institution is not in transition. It is in motion. I do believe that the best chapters of this Foundation’s story are still ahead. You—as a participant in Greater Boston’s civic life—will help write those chapters, and I can’t wait to see what you put on those pages. 

Thank you. From the very bottom of my heart, thank you.