Big Changes in the Foundation World

Kavita Three big changes happened this week in the global philanthropy world.

First, Kavita Ramdas, CEO and President of the Global Fund for Women announced that she will be leaving the organization effective September 15th. Kavita will have been at the Global Fund for fourteen years. She will be on sabbatical until June 2011 to engage in “writing and reflection as (she) explores new avenues to advance (her) passion for human rights, development, and social justice.”

Second, David D. Arnold will become the new president and CEO of The Asia Foundation in January 2011. Arnold is currently the president of the American University in Cairo and a former Ford Foundation representative who worked for years in India, Nepal, and Sri Lanka. He also served as executive vice president and interim president at the Institute of International Education in New York.

Finally, Stan Zuric, one of Harvard University’s top-paid endowment managers, resigned and joined BGI, the firm that oversees investments for the Bill and Melinda Gates Foundation. Zuric made $4.9 million in 2008 at Harvard. The Gates Foundation is the wealthiest charitable institution in the U.S., with $35.2 billion in assets as of March 31, 2010.

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