Website Boston Impact Initiative
About Boston Impact Initiative
Boston Impact Initiative (BII) is a nonprofit impact investment fund founded in 2013, dedicated to building a regenerative and equitable economy. The organization invests integrated capital—combinations of equity, debt, and grants—in social enterprises and community-owned real estate, emphasizing wealth and asset-building opportunities in diverse communities. As a certified Community Development Financial Institution (CDFI), BII manages two significant funds: BII Fund I, established in 2017, which deployed $6.9M across 50 enterprises, and BII Fund II, launched in 2022, with $22M deployed towards small businesses and community-governed real estate projects in Massachusetts and New England. Additionally, BII provides impact investing education through its Advancing Regenerative Capital (ARC) Fellowship, having trained 90 fund managers from 38 organizations nationwide. The organization’s mission is to ensure every community has the resources and power to create shared prosperity. By 2026, BII aims to grow its team to 15 employees and has an annual operating budget of $7M.
About this Role
The Director of Development & Investor Relations at Boston Impact Initiative plays a strategic role in securing and managing the financial resources crucial to advancing the organization’s mission. As BII expands its investing and field-building activities, the Director will primarily focus on obtaining significant philanthropic capital from foundations, institutions, and aligned donors. This funding is vital to maintaining BII’s operations, achieving its investment goals, and broadening its community initiatives. Additionally, the role entails managing and strengthening relationships with BII’s existing base of mission-aligned investors and identifying opportunities for deeper alignment with the organization’s mission. The Director will also lead a team responsible for developing grant proposals, managing donor relationships, and ensuring compliance with fundraising regulations, working closely with BII’s CEO, senior leadership, and the Board of Directors.
Responsibilities
- Develop and implement a multi-year development strategy aligned with BII’s organizational priorities.
- Secure significant multi-year general operating and programmatic grants from foundations and institutional funders.
- Cultivate and expand corporate partnerships to diversify and stabilize revenue.
- Build and steward a portfolio of philanthropic and mission-aligned partners.
- Collaborate with senior leadership to explore and support earned revenue strategies.
- Establish annual fundraising goals and monitor progress against defined benchmarks.
- Strengthen relationships with existing investors and philanthropic stakeholders.
- Support cultivation and stewardship of mission-aligned investment capital.
- Partner with the communications team for consistent investor reporting and engagement.
- Represent BII thoughtfully within philanthropic and impact investing networks.
- Partner with the Board of Directors to advance donor and investor engagement.
- Collaborate with BII’s senior leadership team to ensure consistent messaging to the funder community.
- Organize and manage investor events, including quarterly investor calls and site visits.
- Represent BII at external funder meetings, community events, and public forums.
- Coordinate with the communications team for effective campaign and funder communications.
Requirements
- 8+ years of progressive experience in nonprofit fundraising or advancement, including at least three years in a leadership capacity.
- Demonstrated success in securing substantial multi-year general operating grants and institutional funding.
- Experience cultivating corporate partnerships or institutional funders.
- Proven ability to build and steward long-term funding relationships.
- Strategic thinking and experience aligning revenue strategy with organizational priorities.
- Strong financial literacy and ability to engage sophisticated funders and investors.
- Experience supervising staff and strengthening development systems.
- Excellent written and verbal communication skills.
- High emotional intelligence and a collaborative leadership style.
- Bachelor’s degree required.
Benefits
- Flexible work options.
- Healthcare benefits.
- Short-term disability.
- 401k plan with employer contribution.
- Paid time off and holidays.
- Annual professional development stipend.
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