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Executive Director
Philadelphia, PA
Organization Name: 
Friends Fiduciary Corporation
Application Deadline: 
Sunday, December 31, 2023

About the Organization

Friends Fiduciary Corporation (Fiduciary) seeks a seasoned and values-oriented leader as Executive Director. Fiduciary is a Quaker nonprofit organization providing cost-effective, professional, socially responsible investment management services to Quaker meetings, churches, schools, and organizations. Since its founding in 1898, Fiduciary’s operations and investment processes have been guided by the Quaker testimonies of simplicity, peace, integrity, community, equality, and stewardship. Fiduciary is a manager of managers, selecting best-in-class investment managers, who implement Quaker socially responsible investment criteria for specific asset classes. Currently, Fiduciary has over $600 million in assets under management (AUM) for more than 400 constituent investors (clients) across the country. Fiduciary has a successful track record of providing excellent returns above benchmarks.

Fiduciary is the Quaker voice on important business issues and the most active Quaker organization engaging in shareholder advocacy. Fiduciary acts on the belief that investing according to Quaker values supports long-term company and shareholder value. As a shareowner, Fiduciary seeks transparency and accountability from its investment companies as well as strong performance in environmental, social, and governance (ESG) aspects of their business. Fiduciary engages with about 25 companies per year in active shareholder advocacy. In addition, through its Philanthropic Services arm, Fiduciary provides charitable services in the form of planned giving services, charitable gift annuities, and pooled life income trusts for Quaker organizations as part of their philanthropic programs. Philanthropic Services also administers property, holds deeds, and oversees the distribution of funds from trusts and restricted accounts upon direction of the Charitable Services Committee of the Board.

About the Position

Reporting to the Board of Directors, the Executive Director has overall strategic and operational responsibility for Fiduciary’s staff, programs, sustainability, and execution and expansion of its mission. This individual works closely with the Board of Directors and Board Committees to ensure effective communication of timely and accurate information necessary for the Board to make informed, strategic decisions. The Executive Director leads a small staff of five direct reports: Chief Investment Officer, Director of Business Development and Constituent Relations, Controller, Director of Philanthropic Services, and Senior Shareholder Advocate, and a total staff of ten individuals.

About the Ideal Candidate

The successful candidate will bring significant management experience in a complex mission-driven setting, a strong commitment to service and accountability, and outstanding listening, communication, and influencing skills complemented by a collegial and inclusive style that will engender trust and facilitate collaboration. The Executive Director must be able to function as a strong thought partner to the Board of Directors and to bridge the work of Fiduciary’s shareholder advocacy and investment functions, creating meaningful dialogue while promoting growth and change. The successful candidate will possess a bachelor’s degree from an accredited institution (MBA or similar graduate degree preferred), at least 10 years of senior management experience with a track record of effectively leading an organization or operational area, excellent strategic thinking skills, a commitment to advancing diversity, equity, and inclusion, and ability to coach and mentor a high-performing staff. While it is not essential for the Executive Director to be Quaker, the Executive Director must be an articulate and effective spokesperson for the Quaker values that drive the work of Fiduciary and a responsive partner to the many Quaker organizations Fiduciary serves.

Friends Fiduciary has retained The Diversified Search Group to assist the Board in this search. Screening will begin in October and continue until an appointment is made. Applications (including CV, a cover letter addressing interest, leadership philosophy, and commitment to diversity; and the names of five references) should be submitted using DSG’s candidate portal

Nominations and inquiries should be directed electronically to [email protected]

More information:


In addition to a generous benefits package, the expected minimum base salary for this position will be $250,000 and will be competitive and commensurate with experience.

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