Community Foundation for Nantucket Executive Director to Retire
Margaretta Andrews, who has led the Community Foundation for Nantucket since 2008, has announced that she will be retiring this year.
Under her leadership the Community Foundation has grown to have approximately $23 Million in charitable assets under management in more than 100 funds. One of those is the Nantucket Fund, an endowed fund with grant-making directed by the Foundation’s Board, which serves as a permanent, flexible resource to nimbly respond to the changing needs of the community. During her tenure, more than $10 million in grants to local nonprofits have been awarded, helping to fund a wide range of programs and initiatives that benefit the island. Throughout her career, Margaretta has personally embodied the Community Foundation’s mission “to strengthen Nantucket now and for future generations through thoughtful philanthropy and community leadership”.
“Everyone involved with the Community Foundation – the Board, the staff, the nonprofits we interact with, our donors, and other funders here and elsewhere in Massachusetts will miss her level-headed leadership, compassion and experienced perspective,” said Melissa Philbrick, Board President, “We look forward to a smooth transition to a new Executive Director who will continue to build on the organization that she has created and lead the Foundation in the future.”
When asked about her retirement, Margaretta Andrews commented, “It has been an honor and a privilege to help the Community Foundation grow from its infancy to the vital community resource it is today. It is hard to believe it’s been 15 years, and I feel very confident that the Foundation is well positioned to move onto the next chapter.”
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