Jane Mendillo, Paul Gannon to serve five-year terms
Boston – The Boston Foundation will formally welcome two new members to its Board of Directors at the Board’s quarterly meeting on October 4, 2012. New board members Jane Mendillo and Paul Gannon were named to the Board at its June meeting.
“It’s with great pleasure we welcome Jane Mendillo and Paul Gannon to the Boston Foundation Board of Directors,” said Michael Keating, Esq., who serves as Board Chair. “Jane Mendillo has steered the endowments at Harvard and Wellesley through the most challenging decade in our history. Paul Gannon brings to our Board a deep understanding of the operational and organizational challenges that come with investment management developed in his more than two decades at Baupost. Their expertise will be invaluable as we guide the Foundation into its second century serving Greater Boston.”
|Jane Mendillo and Paul Gannon. Right click to save a copy of these photos. Photos also are available upon request.
Jane Mendillo became President and Chief Executive Officer of Harvard Management Company on July 1, 2008. Ms. Mendillo returned to HMC after five years as Chief Investment Officer of Wellesley College where she built the college's first investment office, restructured its investment portfolio, and led the endowment to substantial growth through a period of rapidly changing market conditions. Prior to that, she spent 15 years at HMC in key positions, including Vice President of External Management, Vice President for Trusts, Vice President for Private Equity and as a member of the Internal Equities management team.
Paul Gannon is a Partner & the Chief Operating Officer at The Baupost Group, L.L.C., an investment management firm based in Boston, where he has overseen its broad operational efforts since 1991. He is also a member of Baupost’s Management Committee. Prior to joining Baupost, Paul served as the Chief Financial Officer for the Real Estate Group of Bank of Boston and was the Vice President of Finance for a chain of home centers. Paul earned his CPA designation while working with Ernst and Whinney in Boston and Sydney, Australia.
The Boston Foundation, Greater Boston’s community foundation, is one of the oldest and largest community foundations in the nation, with net assets of $850 million. In 2011, the Foundation and its donors made almost $78 million in grants to nonprofit organizations and received gifts of $81 million. The Foundation is made up of some 850 separate charitable funds established by donors either for the general benefit of the community or for special purposes. The Boston Foundation also serves as a major civic leader, provider of information, convener and sponsor of special initiatives designed to address the community’s and region’s most pressing challenges.
In 2012, the Boston Foundation and The Philanthropic Initiative (TPI) merged, with TPI operating as a distinct unit of the Boston Foundation. TPI pioneered the field of strategic philanthropic advising over 20 years ago and remains a national leader today. Through its consulting services and its work to advance the broader field of strategic philanthropy, TPI has influenced billions of dollars of giving worldwide. TPI’s Center for Global Philanthropy promotes international giving from the U.S. and indigenous philanthropy abroad. For more information about the Boston Foundation and TPI, visit www.tbf.org or call 617-338-1700.