Clara Miller

President,
The F.B. Heron Foundation

Prior to assuming the Foundation’s presidency in 2011, Miller was President and CEO of Nonprofit Finance Fund which she founded and ran from 1984 to 2011. NFF serves as a “philanthropic bank” for both social sector organizations and their funders, and has invested and managed more than $1.5 billion in financing for social sector organizations.

In addition to serving on The F. B. Heron Foundation’s board, Miller is on the boards of Family Independence Initiative, the Sustainability Accounting Standards Board, StoneCastle Financial Corp., and The Robert Sterling Clark Foundation. She is a member of the Social Investment Committee of the Kresge Foundation and the U.S. National Advisory Board to the G8 Social Impact Investment Task Force. In 2010 Miller became a member of the first Nonprofit Advisory Committee of the Financial Accounting Standards Board.

Miller was the inaugural laureate of the Prince’s Prize for Innovative Philanthropy awarded in 2014 by the Prince Albert II of Monaco Foundation and the Tocqueville Foundation-Institute of France. She was named to The NonProfit Times “Power and Influence Top 50” for the five years from 2006 through 2010 and received a Bellagio Residency in 2010 by The Rockefeller Foundation.

In 1996, Miller was appointed by President Clinton to the U.S. Treasury’s first Community Development Advisory Board for the then-newly-created Community Development Financial Institutions Fund. She later served as its Chair. She was a member of the Community Advisory Committee of the Federal Reserve Bank of New York for eight years, and she received the “Shining Star Award” in 2014 from New York City performance space PS122.

Miller speaks and writes extensively about nonprofit capitalization and finance and has been published in The Financial Times, Stanford Social Innovation Review, The Nonprofit Quarterly and the Chronicle of Philanthropy.