Clara Miller

Director & President

Clara Miller is President of the Heron Foundation, which helps people and communities help themselves out of poverty. Prior to assuming the foundation’s presidency, Miller was President and CEO of Nonprofit Finance Fund which she founded and ran from 1984 through 2010.

In addition to serving on Heron's board, Miller is on the boards of the Sustainability Accounting Standards Board (SASB), Family Independence Initiative, and StoneCastle Financial Corp. She is a member of the U.S. Impact Investing Alliance and its Presidents’ Council. She served on the US Advisory Committee to the G8 on Impact investing, named in 2014. She is a member of the Social Investment Committee of the Kresge Foundation. From 2010-2014 Miller was a member of the first Nonprofit Advisory Committee of the Financial Accounting Standards Board.

In 2015, Miller and Heron were named Investor of the Year by Institutional Investor Magazine in the category "small foundations." In 2014, Miller and Heron received the Prince's Prize for Innovative Philanthropy from the Prince Albert II of Monaco Foundation and the de Tocqueville Foundation/Institute de France, and the “Shining Star Award” from New York City performance space, PS122. She was awarded a Bellagio Residency in 2010 by The Rockefeller Foundation and was named to The NonProfit Times “Power and Influence Top 50” for the seven years from 2006 through 2010 and in 2016 and 2017.

In 1996, President Clinton appointed Miller to the U.S. Treasury’s first Community Development Advisory Board for the then-newly-created Community Development Financial Institutions Fund, and later became its Chair. She chaired the Opportunity Finance Network board for six years and was a member of the Community Advisory Committee of the Federal Reserve Bank of New York for eight years.

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

In the Pulse & Publications

June 20, 2017 — New York: Clara Miller will assume the role of President Emerita at Heron as of December 31, 2017, the Heron Foundation announced today. Miller will step down from a managerial role, continuing to write, speak, and undertake research on behalf of Heron’s mission.

Heron's president, Clara Miller, offers a look back at the past five years of the foundation and offers some lessons learned.

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