LiftFund CEO leaves abruptly after less than a year.

The sudden departure of LiftFund’s CEO, Laurie Vignaud, has left the nonprofit in a state of transition as the organization looks to move forward. Vignaud, who served as president and CEO for nearly a year, brought fresh perspectives and new ideas to LiftFund before deciding to pursue other opportunities outside the organization. The board of directors has appointed Amy Hereford, who previously served as LiftFund’s general counsel and chief external affairs officer, as the new president and CEO. Hereford’s leadership and commitment to the organization’s mission make her uniquely qualified to lead LiftFund into the future.

Vignaud’s departure comes after more than 30 years of executive experience in banking and community development, including a stint as president and CEO of Unity National Bank of Houston. LiftFund, a nonprofit Community Development Financial Institution (CDFI) and Community Development Corporation (CDC), offers loans to high-risk businesses and entrepreneurs who are not eligible for traditional bank loans. Founded in 1994 by Janie Barrera, LiftFund now operates in 15 states and provides free business consultation services to its clients.

As a key partner of the City of San Antonio and Bexar County, LiftFund has played a crucial role in distributing federal pandemic relief funds to businesses in need. The organization received a $10 million unrestricted gift from philanthropist MacKenzie Scott in 2020, which helped lower interest rates for small business loans. With a total lending portfolio balance of $52 million, LiftFund has provided over $450 million to more than 25,000 businesses in its service area and maintains an impressive 96% repayment rate.

The departure of Vignaud and the appointment of Hereford mark a significant moment for LiftFund as it continues to support high-risk businesses and entrepreneurs in need of financial assistance. The organization’s commitment to its mission and its dedication to helping underserved communities thrive remain steadfast as it looks towards the future under new leadership.

Key points:
– Laurie Vignaud has left her position as CEO of LiftFund to pursue new opportunities outside of the organization.
– Amy Hereford, LiftFund’s former general counsel and chief external affairs officer, has been appointed as the new president and CEO.
– LiftFund, a nonprofit CDFI and CDC, offers loans to high-risk businesses and entrepreneurs who are not eligible for traditional bank loans.
– The organization has been a key partner in distributing federal pandemic relief funds and received a $10 million gift from MacKenzie Scott in 2020.
– LiftFund has provided over $450 million to more than 25,000 businesses and boasts a 96% repayment rate.

In summary, the departure of Laurie Vignaud as CEO of LiftFund has led to the appointment of Amy Hereford as her successor. LiftFund remains committed to its mission of supporting high-risk businesses and entrepreneurs, and looks forward to continued success under new leadership.

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