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iGiftFund Announces Succession Plan for Long-term Growth

2023-06-14 21:55
HUDSON, Ohio--(BUSINESS WIRE)--Jun 14, 2023--
iGiftFund Announces Succession Plan for Long-term Growth

HUDSON, Ohio--(BUSINESS WIRE)--Jun 14, 2023--

The Board of Directors of The Independent Charitable Gift Fund (iGiftFund) has implemented a succession plan to ensure the long-term sustainability and future growth of the organization, announcing several moves:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230614464969/en/

William Payne, President and CEO, iGiftFund (Photo: Business Wire)

  • iGiftFund founder Phil Tobin will step away from day-to-day operations, retaining his role as Chairman, where he will focus primarily on Strategic Planning and Development. Tobin, a foremost authority in Donor Advised Funds (DAFs) with 37 years of experience, will also be responsible for board leadership and development while advancing key client relationships. He previously served as Chairman and President.
  • William A. Payne, JD, who has served as CEO for the past four years, has been named President and CEO. In this role, he will be responsible for asset growth and management, product and service development, and overall strategic growth for the organization. Bill has played a key role in positioning iGiftFund as the industry’s new standard for ease-of-access, personalization and affordability.
  • Sheilah E. Villanueva, continues in her role as Executive Vice President and Chief Operating Officer, with expanded responsibilities in the areas of daily operations, relationships with donors and financial advisors, account management and reporting.
  • Cindy Shedloski, formerly Director of Finance, has been named Controller, responsible for financial and administrative affairs of the organization. A CPA, she is additionally responsible for finance reports and tax filings.

Commenting on the changes, Board Member Gary Hanz said: “Phil has grown iGiftFund to $400 million in new contributions into 900+ donor funds since opening five years ago. Bill, Sheilah and Cindy have been by his side the entire time, learning from the best. We’re excited to hand the mantle of day-to-day operations to this capable, next generation.”

iGiftFund is based in Hudson, Ohio, near Cleveland and Akron. Tobin helped pioneer DAFs in 1986 when he served as CFO/COO for The Cleveland Foundation, and later co-founded the American Endowment Foundation (AEF) in 1992. At iGiftFund, he is passionate about creating unique and enjoyable philanthropic experiences for donors and financial advisors everywhere. For more information about iGiftFund, visit at www.iGiftFund.org.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230614464969/en/

CONTACT: William Payne

330-400-2768

williampayne@igiftfund.org

KEYWORD: UNITED STATES NORTH AMERICA OHIO

INDUSTRY KEYWORD: PROFESSIONAL SERVICES PHILANTHROPY OTHER PHILANTHROPY FUND RAISING FINANCE BANKING ACCOUNTING

SOURCE: iGiftFund

Copyright Business Wire 2023.

PUB: 06/14/2023 09:45 AM/DISC: 06/14/2023 09:46 AM

http://www.businesswire.com/news/home/20230614464969/en