The Board of Directors of the Greater Saint Louis Community Foundation announced today that David Luckes, President and CEO for the past 10 years, has decided to resign, effective May 13, 2011.
Luckes, 50, leaves the Foundation, a respected resource on charitable giving and administrator of charitable funds, at its strongest fiscal position in its 95‐year history.
“It has been a great honor to serve this community and our many donors,” Luckes said. “Our success over the last ten years reflects St. Louis’ profound generosity and the willingness of St. Louisans to leverage the Foundation’s capacity to help them do even more with their charitable dollars.”
During Luckes’ tenure, the Community Foundation has grown dramatically. It has raised more than $200 million in contributions, made more than $120 million in grants and has consistently maintained an operating budget surplus. Luckes also helped the Community Foundation earn a regional reputation as a “go‐to” resource for individuals, families and businesses seeking to make a difference through charitable giving.
“While we are certainly disappointed to see David leave, we are grateful for his outstanding leadership,” says Board Chair Laurna Godwin. “When David started, we had an asset base of $60 million. Thanks to him, the Community Foundation’s asset base has tripled and we now represent some 400 individual charitable funds, each reflecting a unique charitable giving partnership between the foundation and an area donor.”
Luckes leaves the Community Foundation to join the Private Banking and Investment Group at Merrill Lynch Wealth Management as a Private Wealth Advisor.
The Board is forming a search committee and will conduct a national search to find Luckes’ replacement. Meanwhile, Dwight Canning, the Community Foundation’s Vice President of Finance and Administration, will serve as Interim President and CEO. Canning has been with the organization since 2004.
“During the last several months, the Community Foundation has been implementing a new strategic plan that has added three new staff members,” says Godwin. “We are confident that Dwight and his team will be able to run the Community Foundation without missing a beat.”
The Greater Saint Louis Community Foundation is one of nearly 700 community foundations in the United States that collectively manage more than $40 billion in assets and distributes some $2 billion a year in grants.