Director of Development

Capital Good Fund•Providence, RI

9d•Remote

About The Position

As a nonprofit CDFI (Community Development Financial Institution), Capital Good Fund (“Good Fund”) capitalizes itself in several ways: loans to its loan fund, out of which it makes loans to its borrowers; sales of loans to impact investors; loans in the form of “growth capital” to its nonprofit supporting organization, Social Capital Fund, which are used for operational expenses associated with scaling; traditional philanthropic giving in the form of grants and donations; and earned income across Good Fund’s financial products. The Director of Development reports to the Senior VP of Fundraising, and is instrumental in reaching Good Fund’s fundraising goals, while growing and diversifying its funding base. An accomplished fundraiser with a track record of successful partnership-building & strong writing and communication skills, the Director of Development will develop and maintain relationships with those dedicated to social change and climate justice who may provide philanthropic funding to Good Fund. They oversee the Development team, who are responsible for the health and management of our grants program, including various aspects of grant reporting and compliance, as well as end-to-end funder relationship management. The Director of Development will work with the Development Specialist, Senior VP of Fundraising, and CEO to prepare grant applications and solicitations for funding, execute strategy across the organization’s fundraising efforts, manage funder relationships, and manage overall grant reporting and other fundraising activities. The Director closely collaborates with various other departments, such as Accounting, Servicing, and Origination to align grant solicitations with programmatic implementation, streamline reporting, and collaborate with the Senior VP of Fundraising and C-Suite in executing fundraising strategy. In addition, the Director of Development will report to and support our Senior VP of Fundraising as they identify funding sources and strategize the best uses of grant capital in conjunction with debt capital, shaping pitches to funders that incorporate both funding sources. This position is an opportunity to help a growing non-profit build strong, sustainable, and diverse sources of philanthropic funding as we expand to new markets and deepen our presence within existing ones.

Requirements

Excellent communication and interpersonal skills, as well as analytical skills
Strong experience with grant-writing and proposal preparation
High proficiency in the use of Client Relationship Management (CRM) systems, preferably Salesforce
Extremely strong writing skills
Ability to lead development strategy and build consensus
Experience with federal funding, compliance, and reporting
Be able to work well independently
Be detail-oriented
Have at least five years of relevant experience in philanthropic and grant funding
Have a deep understanding of philanthropic fundraising, and the role it plays in social and climate justice issues
Have a proven track record of successful relationship building and management, as well as having led successful grant-raising initiatives.

Nice To Haves

Experience managing another team member or team
Experience in the CDFI industry

Responsibilities

Oversee the funder research process for new philanthropic funding opportunities in our existing eleven-state footprint as well as in states to which we plan to expand
Responsible for Good Fund’s philanthropic funding program, as an integral branch of Good Fund’s revenue and growth strategy
Support the SVP of Fundraising in executing strategy to determine which new funding opportunities to pursue, aligned with organizational priorities and strategic plan
Develop and monitor ambitious but achievable fundraising goals and associated metrics
Manage the fundraising schedule, ensuring that letters of inquiry, solicitations, and grant reports are submitted in a timely manner
Collaborate with programmatic teams to align solicitations with available data & metrics for internal tracking
Support efforts to streamline impact data & reporting, collaborating closely with the Senior Data & Reporting Manager
Facilitate collaboration across program teams, accounting, and other internal teams to ensure proper compliance, reporting, and implementation of awarded funding
Oversee the drafting, editing, and submission of high-quality grant proposals
Manage grant reporting, including use of funds and outcome data
Build new grant proposal narratives to align funding solicitations with programmatic needs
Provide support & supervision to the Development Specialist, leading the team towards efficiency & collaborative improvements
Oversee processing of incoming donations, including leading the preparation of annual donation recognition letters & streamlining administrative process of receiving donations
Support grant spend-down tracking, including providing the accounting team with details necessary for spend tracking
Oversee certification, reporting, and grant requests through CDFI Fund
Lead improvement of internal processes across fundraising efforts.