After announcing his upcoming departure from the Community Foundation for Greater Atlanta, Frank Fernandez will be heading to Philadelphia to become president and CEO of the Reinvestment Fund.
“I am deeply honored to join Reinvestment Fund as its next president and CEO,” Fernandez said in a release on Monday. “I look forward to leading and working alongside a team that is so passionately committed to breaking down systemic financial barriers and supporting communities in new and innovative ways.”
The Reinvestment Fund is a nationally focused Community Development Financial Institution. Fernandez will succeed Donald Hinkle-Brown, who served the Reinvestment Fund for 35 years, including nearly 15 years as president and CEO. Fernandez will begin his new job in September.
“Now more than ever, CDFIs play a vital role in building resilient, inclusive local economies,” Fernandez continued. “I look forward to partnering with our staff, board, and the communities we serve to unlock new opportunities to create lasting and meaningful change.”
Fernandez has served as president and CEO of the Atlanta Community Foundation since 2020. He announced earlier this month that he would be leaving the foundation in August.
“After a rigorous search, we are thrilled to welcome Frank to lead Reinvestment Fund into our next chapter,” said Saul Behar, chair of the Reinvestment Fund board of directors, in a news release. “Frank is an impressive leader with a proven commitment to inclusive growth. We are confident that he is the right leader to help us build on our 40-year legacy of innovation and impact.”
As President and CEO, Fernandez will be responsible for overseeing Reinvestment Fund’s strategic direction, expanding its lending and investment portfolios, and deepening partnerships with community stakeholders, philanthropic partners, and investors.
“Frank Fernandez is an extraordinary leader, and we’re honored to have him join us at Reinvestment Fund,” Marland Buckner, vice chair of the Reinvestment Fund board of directors and chair of the search committee, said in the release. “It is a privilege to welcome him as our organization continues to serve the communities who need it most. His expertise will be an invaluable asset as we continue to strengthen and scale impact across the nation.”
The Reinvestment Fund’s board launched a search earlier this year after Hinkle-Brown announced that he would be stepping down from the role. The search was led by Korn Ferry.
“It has been a great honor to serve as Reinvestment Fund’s president and CEO these last 15 years as we’ve dramatically grown our capabilities and fostered equitable communities that work for all people,” Hinkle-Brown said. “I believe that data-advised, place-based investing is our greatest mission success, and one we share with many CDFIs, community foundations and philanthropy.”
Hinkle-Brown continued by saying: “As my successor prepares to take over this leadership role, I feel confident that Frank, with the support of our dedicated team, will build upon Reinvestment Fund’s 40 years of impact and take us to new heights.”
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