The Fahrenheit Group has been retained by the Medical College of Virginia Foundation ("MCV Foundation") to hire their Chief Financial Officer. The mission of the MCV Foundation is to inspire and steward philanthropic resources to our MCV Campus partners at VCU Health. Since 1949, MCV Foundation has supported the MCV Campus, a nationally-recognized urban academic health center in downtown Richmond. The MCV Campus has grown exponentially since its founding in 1838 into what is now VCU Health. While VCU Health has expanded into multiple locations throughout Virginia, the central location of the MCV Campus and the legacy of the MCV tradition are honored in their name. The MCV Foundation’s campus partners include: VCU School of Allied Health Professions, VCU School of Dentistry, VCU School of Medicine, VCU School of Nursing, VCU School of Pharmacy, VCU Massey Cancer Center and VCU Medical Center.
Through their staff of 14 and with oversight from their board of trustees, the MCV Foundation currently manages more than $500 million in assets to ensure that VCU Health remains at the forefront of excellence and innovation in patient care, education and research. The Foundation utilizes the Outsourced Chief Investment Officer (OCIO) model and partners with one investment advisor for its endowment and anotherinvestment advisor for its non-endowed, current funds. With over 1,500 funds, MCV Foundation provides scholarships, professorships, research and program funds to support the life-saving work occurring on campus every day.
As an independent entity, MCV Foundation collaborates with school, care and research centers throughout the campus to help them achieve their development objectives, working to ensure that the impact of every invested dollar is maximized. They deliver timely communications about the cutting-edge research, education and patient care that happens on campus every day. MCV Foundation is passionate about bringing the important work of our MCV Campus partners to ever-expanding audiences within and beyond our community.
MCV Foundation is committed to the wise stewardship of gifts in support of their MCV Campus partners. They foster meaningful, long-term relationships with donors, who can trust that their gifts are nurtured through their proven investment and financial management strategies. The Foundation is devoted to the highest level of fiduciary duty in all aspects of their daily work.
In the spring of 2017, MCV Foundation adopted a new strategic plan which is focused on external, donor and customer relations. The strategic plan outlines goals in the areas of fundraising, stewardship, communication and leadership. Visit to learn more.
Reporting to the President, the CFO will be a key member of the senior leadership team at MCV Foundation. The CFO has overall responsibility for the Foundation’s accounting, financial management, budgeting, audit, tax, investment and general operations. The CFO also leads management in operations including HR, systems management, data security, and the facility. The CFO also serves as the lead staff member in working with the Finance and Audit, Investment, and Personnel and Compensation committees of the Board. S/he provides strategic guidance to these committees and supports them in setting policy and direction in their respective areas. The CFO works with the finance professionals across the university and health system, including teams in its seven MCV Campus partners, and the finance and administration leaders in the VCU Health System and VCU Development and Alumni Relations to ensure optimal management of funds.
The MCV Foundation is poised to double in asset size over the next 5-10 years through contributions and investment growth. They expect to achieve this goal in part by continuing to partner with best in class investment managers, by being a leader in foundation management/operations and by providing the highest levels of client service to their campus partners. The CFO will play a critical role in the execution of this growth strategy and will be instrumental in identifying, vetting, and implementing best practices in financial management and investment administration, operations, investment policy and client service.
Specifically, the CFO will be responsible for:
Financial Management and Investment Administration
Leadership and Operations
The successful candidate will be an accomplished finance and foundation executive with a minimum of 15years of experience. S/he will have prior experience serving as a foundation CFO and have had oversight of a similar organization.
Other key requirements include:
An undergraduatedegree in finance or accounting is required. A CPA certification is strongly preferred. An MBA or other advanced degree is desirable.
A strong compensation and benefits package will be provided to attract outstanding candidates.