Mark Pinsky, President and CEO
Mark Pinsky is President & CEO of Opportunity Finance Network (OFN). He is responsible primarily for the organization’s vision and strategy.
OFN is the national network of more than 200 high-performing community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth, and other disadvantaged people and communities across the nation. CDFIs in the OFN Membership manage more than $20 billion dedicated to that purpose.
Since joining OFN in 1995, Mark has led the organization and the CDFI industry through a series of transformations. During this period, industry assets and financing have grown more than ten times and Member CDFIs have consistently and dramatically expanded their product offerings, market penetration, and geographic coverage.
OFN has led groundbreaking innovations, including the Equity Equivalent investment product, the Wells Fargo NEXT Awards for Opportunity Finance, the CDFI Assessment and Ratings Service™, and, most recently, Create Jobs for USA, in partnership with Starbucks. Behind Mark’s federal policy leadership, the CDFI industry has helped create The CDFI Fund, New Markets Tax Credits, the Small Business Loan Fund, and the CDFI Bond Guarantee Program—bringing billions of dollars in new capital to underserved domestic markets. In addition, OFN led the successful effort to open the Federal Home Loan Bank system to CDFI loan funds.
Under Mark’s management, OFN’s assets have grown more than fifteen times through consistent positive operating margins and strong asset growth. OFN’s $109 million balance sheet today is healthy, with net worth of more than $50 million.
Widely recognized as the voice of the CDFI industry, Marks speaks nationally about the transformational role CDFIs play in distressed communities. His annual “State of the Industry” speech, delivered every year at OFN’s conference, is highly anticipated for its strategic analysis of and outlook on trends and issues affecting CDFIs, their partners, and their borrowers. He is a primary resource on CDFIs, financial markets, and the economy for the media and also writes about CDFIs for a wide array of publications.
In 2010-11, Mark led OFN to a new industry strategy through 2026 that affirms the organization’s core purpose—aligning capital with social, economic, and political justice. The strategy commits the organization to leading CDFIs and their partners to ensure that low-income, low-wealth, and other disadvantaged people and communities have access to affordable, responsible financial products and services. This “coverage” strategy is the focus of OFN’s work.
Mark has a long history of board service. He currently chairs the national boards of CARS™ (carsratingsystem.net) and Net Impact (www.netimpact.org) and sits on the OFN Board of Directors. He is a member of Goldman Sachs’ 10,000 Small Businesses Advisory Council and a founding member of Morgan Stanley’s Community Development Advisory Committee. In addition, he serves on the New Markets Tax Credit Advisory Boards of Wells Fargo and Bank of America and is a Member of Bank of America’s National Consumer Advisory Council.
From 2003 through 2005, Mark served on the Consumer Advisory Council of the Federal Reserve Board of Governors, serving as Chair of the Council in 2005. And, in 2002, President George W. Bush appointed Mark to the CDFI Fund Advisory Board in the U.S. Department of the Treasury, where he served until 2006.
Mark was the founding President of Congregation Tzedek v’Shalom, a Reconstructionist synagogue in Newtown, PA and lives with his wife in Yardley, PA.
Read speeches by Mark Pinsky.
Cathy Dolan, Chief Operating Officer
Cathy joined OFN in September 2010 as COO, bringing a decade of experience in community development finance and almost three decades in banking. Cathy joined OFN from Wells Fargo, where she was a Senior Vice President and Director of Community Lending and Investment for the Eastern U.S. She holds an M.A. from the Johns Hopkins University School of Advanced International Studies in Washington, DC, and a B.A. from Drake University in Des Moines, IA.
Fran Lutz, Chief Financial Officer
Fran joined OFN in 2012 to fill the role of Chief Financial Officer. A member of OFN’s executive team, he is responsible for creating and implementing OFN’s financial, capital, and administrative strategies. Prior to working for OFN, Fran was Group CFO for Devon International Group, a private multinational group of diversified businesses operating globally.
Beth Lipson, Executive Vice President, Strategic Initiatives (Member of the Investment Committee)
Beth joined Opportunity Finance Network in 1997. She worked on the Financial Services team for nine years, took on the role of CFO in 2006, and moved into a newly-created position of EVP, Strategic Initiatives in 2012. In her current role, she manages OFN's significant cross-functional initiatives, including the NEXT Awards and Create Jobs for USA. Beth has a MBA from the Wharton School, and her previous experiences include valuing businesses at Coopers and Lybrand and researching trends in savings and loans at the Federal Reserve Board.
Wanda Speight, Executive Vice President, Financial Services
Wanda Speight joined OFN in 2010. Prior to joining OFN, Wanda worked in the Commercial Real Estate Division of Sovereign/Santander Bank, and previously served as Senior Vice President at GMAC Commercial Mortgage. Before that, she served as Director of Lending for The Reinvestment Fund, one of the country’s leading CDFIs. Wanda holds an MBA from Drexel University and a BA from Dickinson College.
Donna Fabiani, Executive Vice President, Knowledge Sharing
Donna joined OFN in 2007 and oversees OFN’s capacity building and research efforts. Before joining OFN, Donna spent eight years with the CDFI Fund, managing research, leading the development of the CDFI Fund’s Community Impact Investment System (CIIS) data collection initiative, and underwriting CDFIs. Prior to her role with the CDFI Fund, Donna started and managed FINCA USA, a microenterprise CDFI.
Lina Page, Executive Vice President, Strategic Communications
Lina joined OFN in 2004. Prior to OFN, she was the Director of Global Marketing for biometric security company Iridian Technologies. Lina also worked as Vice President for Corporate Communications at Paytrust, an Internet-based financial services organization and Director of Marketing Communications for several global software companies, including Logic Works, Inc., Revelation Technologies, and Information Builders, Inc. She also conducted marketing for the publisher Random House, Inc.
Pam Porter, Executive Vice President, Strategic Consulting
Pam joined OFN in May 2010. Prior to joining OFN, Pam spent 10 years as an executive at Right Management, most recently as the EVP of Strategy and Planning. Pam’s previous consulting experiences include leading boutique consulting firms Stepping Stone Partners and Omnient Corporation, offering strategy, financial and technology services. Earlier in her career, Pam worked in corporate finance officer at JP Morgan. Pam was appointed by the Department of Commerce to serve on the Board of Examiners for the Baldrige National Quality Award, and is a member of the Forum of Executive Women.
Jennifer Vasiloff, Executive Vice President for Policy
Jennifer was named EVP for Policy in February 2010. Prior to OFN, she was an independent government relations and public policy consultant. Before that, Jennifer served as Executive Director of the CDFI Coalition. From 1998–2001, she was Vice President of The Sheridan Group. She has also served as Executive Director of the Coalition on Human Needs and has led public education and advocacy campaigns for the League of Women Voters, Physicians for Social Responsibility, and the National Clean Air Coalition. She graduated with honors from the University of Pennsylvania.