Summary
Description
Background:
Bonfils-Stanton Foundation is a place-based funder that invests in inclusive, diverse, and equitable arts and culture organizations and leaders to create a thriving and just Denver. The full range of foundation assets are used in support of our mission and values. Through grantmaking, leadership development, values and mission-aligned investing, the Foundation seeks to strengthen the creative economy, support nonprofit organizations, and center arts and culture as a key ingredient to a thriving community.
Job Summary
As a member of a small, collaborative team, the Chief Financial Officer (CFO) is responsible for all financial management, investments, accounting, reporting, compliance, and risk management. Reporting to the President & CEO, the CFO is the Foundation’s principal steward of financial resources and partners with the Board of Trustees to fulfill the Foundation’s fiduciary responsibilities, ensuring all assets are managed with integrity, transparency and a long-term perspective that advances both financial sustainability and supports the Foundation’s mission and values.
The CFO will work closely with the Investment Committee and external advisors to oversee the Foundation’s endowment and advance our commitment to values and mission-aligned investing, achieving strong relative risk-adjusted returns while ensuring alignment with the Foundation’s mission, vision, and values.
Responsibilities
Financial Management:
Provide strategic leadership for all financial functions of the Foundation, including:
- Financial planning, budgeting, forecasting, and cash management
- Accounting operations and financial reporting
- Prepare financial and investment materials for board meetings
- Tax compliance, including private foundation reporting requirements
- Design and assessment of financial strategy and performance, managing the annual budget and long-term goals in support of the Foundation’s mission and objectives
- Audit coordination and oversight
- Internal controls and financial policies
- Partner with the CEO and Board to provide thoughtful analysis and recommendations that support informed decision-making
- Support program officers in development of new programs and review of existing grants and programs and technical assistance to grantee organizations when requested
Impact and Mission-Aligned Investing
Primary staff support for the Foundation’s values and mission-aligned investing:
- Support to the Investment Committee and Board of Trustees
- Coordinate relationships with investment advisors and mission-aligned investments and identify and screen potential investments
- Monitor portfolio performance, liquidity, and capital commitments
- Support implementation and ongoing monitoring of Foundation’s mission-aligned investment strategy
- Assist in the development and review of policies and practices
- Ensure timely and accurate investment reporting and analysis
Risk Management
Partner with the CEO and Board to identify emerging risks and ensure the Foundation’s financial infrastructure supports operational efficiency, effectiveness and promotes compliance with laws and regulations.
- Ensure compliance with relevant laws and regulations governing Private Foundations
- Collaborate with legal counsel Board and CEO to address compliance issues
- Ensure appropriate insurance coverage
- Vendor and contract administration
- Ensure corporate records and minutes are accurate and in compliance with relevant statutes and regulations
- Uphold ethical standards in all financial decisions and activities
Operations and Administration
- Supervise Finance and Programs Associate
- General support of Foundation operations and administration
- Support CEO in development of employee policies and compliance with appropriate laws
- Compensation and benefits benchmarking
- Manage relationship with PEO and benefit providers and manage annual contracting
- Special projects as needed
Qualities we are looking for:
A successful candidate will demonstrate:
- Financial acumen and an ability to explain financial issues and concepts and collaborate with grantees and programmatic colleagues that do not have finance backgrounds.
- Strategic and systems thinking.
- Strong written, verbal, and analytical skills to support and enable sound and strategic decision making.
- Ability to collaborate with a variety of internal and external stakeholders.
- Integrity and accountability, discretion with confidential information.
- Commitment to learning and collaboration.
- Alignment with the Foundation’s values and commitment to equity.
Qualifications:
Strong candidates will bring many of the following qualifications and experience:
- Minimum of a B.A in accounting, finance or related field, or equivalent experience, MBA, CPA, or other relevant certification a plus
- Exercise discretion with sensitive information
- Ability to set priorities and manage multiple assignments and deadlines
- Technology savvy, proficiency with current and emerging technology including Microsoft applications (Word, Excel, Teams, PowerPoint, SharePoint) QuickBooks and/or other accounting systems, Bill.com or other payment systems, other programs and system integrations
- Experience working with of nonprofit and private foundation accounting and rules and regulations
- Commitment to diversity and inclusiveness
Compensation and Benefits:
Salary Range $150,000 – $200,000 FTE, commensurate with experience and qualifications; a generous benefits package is offered, including health insurance, vacation, holiday, and an employer 401k contribution and paid sabbatical leave after 7 years of service.
We are open to discussion regarding whether the position is full-time or .8 FTE
How to Apply:
Due to the pace of this search, candidates are strongly encouraged to apply as soon as possible and no later than 5pm on August 27. Applications will be reviewed as they are received.
Bonfils-Stanton Foundation is looking for team-oriented individuals who support our mission of investing in equitable arts and culture organizations and nonprofit leaders to create a thriving and just Denver. Additionally, as an Equal Opportunity Employer, we welcome a diversity of perspectives and experiences among our staff.
More information about the Bonfils-Stanton Foundation may be found at www.bonfils-stantonfoundtion.org
- Applications should be emailed in a single PDF file to: monique@bonfils-stanton.org with “CFO Position” in the subject line. Applications should include the following:
- Cover letter outlining your interest and qualifications
- Resume
- Please, no phone calls or email inquiries.
