Key community funders join LISC board

LISC elects Brandee McHale, COO at the Citi Foundation, and Michael J. Smith, CEO of State Farm Bank in Bloomington, Ill., to its board of directors. "Brandee and Mike bring years of experience in designing and funding community development investments. They will help us have a lasting impact on the quality of life in low-income communities," said Michael Rubinger, LISC president and CEO.

17 Jan 2013

The Local Initiatives Support Corporation (LISC) has elected two prominent financial and philanthropic leaders to its board of directors.

Brandee McHale is the chief operating officer at the Citi Foundation, responsible for shaping the Foundation's overall strategy, grantmaking programs, and all operational issues. McHale joined Citi in 1991 and has a long history in both business management and philanthropy. Before joining the Foundation, she served as the director of operations for Citi Community Capital, one of the largest community development financing entities in the country.

Also joining the board is Michael J. Smith, president and chief executive officer of State Farm Bank in Bloomington, Ill. Smith joined State Farm in 1997 as chief financial officer before taking over as CEO in 2007. Prior to joining State Farm, he was a consultant with a large consulting organization serving clients in the financial services industry.

"Our board is a source of tremendous expertise and insight that helps support our work all over the country," noted Michael Rubinger, LISC president and CEO. "Brandee and Mike bring years of experience in designing and funding community development investments. They will help us have a lasting impact on the quality of life in low-income communities."

Article Type: News