Sean Malone will work to continue advancing the George Family Foundation's efforts to promote an equitable society as president of the organization, which ramped up giving after the killing of George Floyd and in response to the coronavirus pandemic.
Malone, who has led three nonprofit organizations, said the Minneapolis foundation's response to last year's upheaval was "all the more reason that I am inspired to come and work alongside this family."
Malone will join the foundation on Aug. 23. He will work on a transition plan with current president Gayle Ober, who will retire by the end of the year. Malone will be the second person from outside the family to serve as president.
Former Medtronic CEO Bill George and his wife, Penny, established the foundation in 1994. It boosted giving last year to more than 8% of its value, above the required 5% threshold, according to its annual report.
It made grants of more than $5.2 million, a record for the foundation, and gave $685,000 in emergency grants to organizations responding to the pandemic and supporting racial and social justice. The foundation has more than $70 million in assets.
Malone most recently was interim executive director of Journalism Funding Partners. In more than 20 years of nonprofit leadership he has served as founding president and CEO of Dix Park Conservancy in Raleigh, N.C.; president and CEO of the Frank Lloyd Wright Foundation; and president of Ten Chimneys Foundation in Wisconsin.
Malone has a master of arts in business from the Wisconsin School of Business at University of Wisconsin–Madison and a fine arts degree from the University of Southern California. He and his wife and their two daughters, all Midwest natives, will move to Minneapolis this summer.
Q: What is the role of private foundations in nonprofit funding?