Community Foundation of Louisville announces departure of President and CEO Susan Barry
With deep appreciation, the Community Foundation of Louisville announced that Susan Barry will be stepping down from her position as President and CEO, effective Sept. 3. During her 10-year tenure, Susan has led a tremendous period of philanthropic growth and expansion of the Community Foundation’s mission to connect donors, nonprofits and civic partners for lasting community impact. She will join Boston-based CEO search firm Egmont Associates.
Under her leadership, the Community Foundation of Louisville became the largest charitable foundation in Kentucky and one of the top 50 in the United States, achieving the following significant milestones:
- Growing charitable assets from $260 million to $540 million over 10 years
- Growing $32 million in grant distributions in 2009 to $55 million in 2018
- Expanding staff from 12 to 28
- Launching high-impact community initiatives including:
- Fund for Louisville – granting $2.1 million to support nonprofit capacity building for 100 Louisville-area nonprofits since 2014
- CFL Impact Capital – launching impact investing to mobilize philanthropic resources that create tangible social and community benefits, with a current portfolio of $2.6 million
- Give For Good Louisville – initiating the community’s biggest day of online giving in 2014, which inspired contributions totaling nearly $20 million in the first five years in support of more than 600 nonprofit organizations
- Hadley Creatives – empowering Louisville’s working artists through a 6-month professional development program, with 30 artists completing the program in its first two years
- Alden Fellows – driving community leadership through fellowships for nonprofit executives
“On behalf of the Board, I thank Susan for her forward-focused perspectives and her commitment to philanthropic support to meet the ever-changing needs of our community,” said Stephanie Smith, Chair of the CFL Board of Directors. “She has worked with our strong team, committed Board and volunteers whose efforts will continue to make a long-lasting impact, so that people and place thrive.”
“Louisville has been so good to me,” said Barry. “This community is generous, kind, innovative and creative. My 10 years at the Community Foundation have been exciting and challenging. We have been able to accomplish more than I ever thought possible. It has been a joy to be a part of the dynamic growth of the Community Foundation.”
The Board has named Senior Vice President and Chief Financial Officer Matt Bacon as the Community Foundation’s interim President and CEO. A nationwide search for Barry’s replacement will be led by CFL Board Member Dave Calzi.