Chief Financial Officer, Blue Grass Community Foundation

Chief Financial Officer (CFO)

Blue Grass Community Foundation

Location:

Lexington, KY (Hybrid) | Position Type:
Full-time, Exempt

Reports To:

President & CEO

Direct Reports: VP/Controller, Senior Director/Community Impact, Officer Manager

Blue Grass Community Foundation (BGCF) seeks a strategic, community-minded Chief Financial Officer (CFO) to serve as the Foundation’s chief financial strategist, operational leader, and primary steward of more than $350 million in charitable assets and over 900 funds.

Reporting directly to the President & CEO and serving as an integral member of the executive leadership team, the CFO enters at an exciting moment of institutional scaling. Backed by an established finance team and a long-standing track record of clean audits, the incoming CFO will guide investment strategy, financial modeling, and spending policies while building the scalable systems required for BGCF’s next phase of growth, furthering BGCF’s mission of building more generous, vibrant, engaged, and equitable communities across Central and Appalachia Kentucky.

The ideal candidate is a credentialed, experienced financial executive who can step confidently into the role, lead with integrity and precision, and serve as a trusted advisor to organizational leadership. In addition to providing sound internal stewardship, this leader will represent the Foundation externally—collaborating with professional wealth advisors, estate attorneys, and donors to navigate complex charitable gifts and advance community philanthropy.

• Lead long-range financial planning and develop scalable systems, structures, and processes to support significant institutional growth.
• Partner with the President & CEO and executive leadership team to align financial and administrative planning with strategic priorities and community impact.
• Assess future organizational, staffing, and capital needs in partnership with executive leadership to support ongoing institutional scaling.
• Model BGCF’s mission, equity commitments, and core values internally and across the community, fostering a culture of operational excellence, continuous improvement, and strict confidentiality regarding donors, funds, and grantees.

• Ensure accurate fund accounting, reporting, and internal controls across 900+ component funds—including endowed and non-endowed donor-advised, scholarship, designated, agency, affiliate, supporting organizations, and fiscal sponsor ships.
• Prepare, analyze, and present comprehensive financial statements, forecasts, and performance dashboards in compliance with GAAP and nonprofit accounting standards.
• Lead the annual budgeting process in conjunction with BGCF executive team; monitor performance; and provide timely variance, trend, and scenario analyses.
• Manage relationships with investment consultants, third-party investment advisors, the Investment Committee, and the Finance and Audit Committee;
  Oversee the performance of pooled and segregated portfolios.
• Coordinate annual external audits, IRS Form 990 preparation, and regulatory filings in close partnership with external auditors and the Finance and Audit Committee.
• Direct cash flow and liquidity management to balance operational needs with investment targets; forecast and model available grant and scholarship distributions in alignment with fund performance and Foundation spending policies.

• Prepare clear, actionable financial materials and dashboards for the Treasurer, Board of Directors, and relevant board committees.
• Partner with the President & CEO, General Counsel, and Advancement team to evaluate, accept, and liquidate non-cash and complex charitable gifts (such…