The Local Initiatives Support Corporation (LISC) announced Annie Donovan, former director of the federal Community Development Financial Institutions Fund (CDFI Fund), as its new chief operating officer.
Donovan has spent more than 25 years driving impact investing strategies that fuel economic opportunity and stronger communities. At the CDFI Fund—a part of the US Department of Treasury that provides capital to distressed communities—she steered innovative strategies to address local needs through programs like New Markets Tax Credits, CDFI Bond Guarantee Program, Capital Magnet Fund and the Healthy Food Financing Initiative.
Since leaving the CDFI Fund in January, she has been a senior fellow at the Beeck Center for Social Impact and Innovation at Georgetown University, as well as at the Center for Community Investment (CCI) at the Lincoln Institute of Land Policy, where she has helped advance CCI’s efforts to increase investment in health, housing and climate solutions in disinvested communities. She also organized a racial equity learning lab for CDFI executives.