Raza Development Fund (RDF) names Annie Donavan its new president and CEO News

PHOENIX, May 31, 2022 / PRNewswire / – Chairman of the Board of Raza Development Fund, Danny Ortega Jr.and Janet Murgia, President and CEO of UnidosUS, announced today Annie Donavan will become the new president and CEO of RDF. RDF is the largest national Latin American financial institution for community development (CDFI) in the country and a corporation to support UnidosUS.

Danny said: “Ms. Donavan is exceptionally qualified to bring RDF to a higher level of prominence in the CDFI industry. RDF’s success in this sector has been key to attracting the applicant with its outstanding credentials and leadership abilities. We look forward to working with her. to advance our mission. ”And Janet added,“ UnidosUS is very proud of that Tommy Espinosa and RDF have achieved since the beginning of our partnership more than 20 years ago. These are great shoes to fill out, but we were lucky Annie Donavan, with her exceptional experience, expertise, values ​​and commitment to underserved communities, is ready to lead the RDF at this time. UnidosUS is excited to work with her as we work to expand the reach and impact of RDF on the Latin American community. ”

Donavan succeeded the iconic co-founder of RDF Tommy Espinosawho after 23 years of service in the RDF announced his retirement from the organization in the fall of 2021. Tommy stated: “Holy Mother Teresa, Holy Pope John Paul II and the team of chief servants are the core of RDF’s success; I leave RDF to follow my vocation, to serve poor families through community development. My prayers to Annie for the great success of running RDF ”.

The Search Committee, composed of members of the RDF Board of Directors, conducted the national search in partnership with the Diversified Search Group and Koya Leadership Partners, a division of the Diversified Search Group that specializes in placing CEOs in mission-defined roles. Donavan joins the RDF from the Local Initiatives Support Corporation (LISC), where she holds the position of Executive Vice President and Chief Operating Officer. She will take the helm in RDF August 1.

Donavan has extensive experience in the CDFI sector, including as Director of the US Treasury Department’s Community Development Financial Institutions Foundation, as well as experience in senior management positions at LISC and Capital Impact Partners. Donavan will use his expertise and expertise to bring a talented team of serving RDF leaders to an even greater level of strategic influence, influence and innovation in fulfilling RDF’s mission to invest and serve organizations serving Latin American and low-income communities across the country.

“It is a great honor for me to be entrusted with the legacy Tommy Espinosa“- said – Annie Donavan, future president and CEO, Raza Development Fund. “RDF is an organization that is not afraid to act primarily on its values. I am excited to work with UnidosUS, its affiliates and many other RDF partners and investors to expand access to capital and opportunities to serve the Latin American community and vision. a more prosperous and inclusive America. ”

About UnidosUS

Raza Development Fund, Inc. (“RDF”) headed by Tommy Espinosa was founded over 20 years ago as a Community Financial Development Institution (CDFI) and a support organization for UnidosUS. Today, RDF is the largest Latin American national CDFI with assets under management of nearly half a billion dollars and an investment rating of Standard & Poor’s AA (-). across the country. Since its inception, RDF has provided technical assistance and funding to low-income families, with a special focus on Latin American families, in 38 states. $ 1 billionwho used leverage $ 5 billion in private and public capital for education, childcare, affordable housing, social service projects and more recently, small business. RDF’s investment strategy is based on an ultra-high approach and added value to support organizations owned and controlled by Latinos who prefer premium results in favor of low-income communities. RDF’s position in the market as a preferred capital partner provides excellent opportunities for project search, and their team of influential investment specialists is very concerned about the success of RDF’s clients. To that end, RDF brings more than just capital – they make key connections, provide valuable advice, develop and deliver structured funding, and deliver innovative solutions. Operating as an unregulated, dedicated finance company, RDF’s due diligence process is definitely value-based; fundamental but promising, and actively taking the challenge to benefit from differentiated, impact investment opportunities. www.razafund.org

UnidosUS, formerly known as the NCLR (National Council of La Raza), is the country’s largest Spanish-language civil rights and advocacy organization. Thanks to its unique combination of expert research, advocacy, programs and a partner network of nearly 300 community organizations around the world USA and Puerto Rico, UnidosUS simultaneously challenges the social, economic and political barriers that affect Latinos at the national and local levels. For more than 50 years, UnidosUS has been uniting communities and various groups that seek understanding through cooperation and that unite the desire to make our country stronger. For more information on UnidosUS visit www.unidosus.org or follow us on Facebook, Instagram and Twitter.

Contacts: Ruby Marinesrmarinez@razafund.org | Octavio Espinaloespinal@unidosus.org

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