Carey Morgan, New Century Trust‘s executive director since 2016, will leave the private foundation in June to become a partner and financial adviser of the firm Livelihood, which she cofounded with Megan Kiesel, formerly of Clarifi.
“We started the firm when we realized that charitable organizations and their employees are often pretty poorly served by the financial services industry,” Morgan said to Generocity via email. “We thought we were uniquely positioned to influence that. Our initial focus is on providing affordable and approachable financial planning services for nonprofit employees, creatives, and others who live passion-driven lives.”
According to Morgan, Livelihood’s mission is to “redirect resources toward joy, stability, and social impact.” She told Generocity that the company was built on the premise that financial planning should be informed by values and vision, a strategy that will permit small nonprofits and foundations to align their investments with their missions.
“Many leaders of charitable organizations are interested in making sure their dollars are not invested in companies that are undermining the core work they do every day,” she said, “but seem to struggle to find investment managers that speak their language.”
Prior to her work at New Century Trust, Morgan ws the director of financial empowerment at the City of Philadelphia, and earlier held positions at Greater Philadelphia Coalition Against Hunger, American Red Cross Southeastern Pennsylvania Chapter, and Invesco US.
New Century Trust, which works to build the economic and political power of women and girls throughout the Southeastern Pennsylvania region, announced it has named Farrah Parkes its new executive director. Parkes has worked for more than 15 years in the nonprofit sector.
Generocity will publish an interview with Parkes next week.
From our Partners
From our Partners
Testing a new Generocity
Scribe explores oral history in ‘Power Politics’ series, funds emerging media makers
6 things we know about you
Be the leader to bring a 26-year mission into the future in Chester County
Fairmount Park Conservancy
Coalition & Convening DirectorApply Now
How to create a CSR initiative built to last
cinéSPEAK and the future of cinema in West Philly
Power moves: John Fisher-Klein becomes The Attic’s new executive director
Village of the Arts seeks to deepen and scale its impact as it reflects on its legacy
Children's Scholarship Fund Philadelphia
Director, School and Family PartnershipsApply Now
Sign-up for daily news updates from Generocity