Weinberg Foundation Announces New Board Chair

BALTIMORE, June 1, 2017 /PRNewswire-USNewswire/ -- The Harry and Jeanette Weinberg Foundation, one of the largest private foundations in the United States, today announced that Mr. Robert T. Kelly, Jr., who has served as a trustee of the Weinberg Foundation since 2006, has been elected as chair of the board for a three-year term beginning today.

Mr. Kelly succeeds Mr. Barry I. Schloss, who joined the Foundation in 2004 and most recently served as the chair of the board for the Foundation for a three-year term that concluded May 31, 2017.

"It is my privilege to serve the Weinberg Foundation in this new capacity," said incoming Chair of the Board Robert T. Kelly, Jr. "Since my election to the Board of Directors more than a decade ago, I have had the pleasure of working to advance the mission and agenda of the Foundation— from governance and investment management to grantmaking and operations. Over the course of the next three years, the Foundation will continue to prioritize asset growth as well as maximizing the Foundation's philanthropic impact."

Rachel Garbow Monroe, Weinberg Foundation President and CEO, stated, "The board was unanimous in its support for Mr. Kelly in this important role. We congratulate him as he begins this three-year term. Mr. Kelly has provided leadership to the Foundation on a range of important issues, including the Audit, Compensation and Investment committees. Working with Mr. Kelly is a pleasure, and I look forward to his term as chair of the board." Monroe added, "I also wish to personally acknowledge and thank Barry Schloss for his significant contributions as board chair."

Mr. Kelly is a founding partner of the Scranton, Pennsylvania law firm of Myers, Brier & Kelly, LLP, where his practice focuses on tax-oriented operational and transactional planning for individuals, closely-held businesses, and tax-exempt organizations. He spent the early years of his legal career as an attorney with the Philadelphia law firm of Morgan, Lewis & Bockius, LLP. Prior to entering law school, Mr. Kelly spent several years as a Certified Public Accountant with Price Waterhouse, in New York and Washington, DC, advising entrepreneurial, financial service, and tax-exempt clients.

The Weinberg Foundation's leadership structure is dictated by its charter, which was authored by Harry Weinberg before his death in 1990. The Board of Directors of the Foundation currently includes Donn Weinberg, Alvin Awaya, Robert T. Kelly, Jr., and Ambassador Fay Hartog-Levin. Rachel Garbow Monroe serves as the President and CEO.

About The Harry and Jeanette Weinberg Foundation
The Harry and Jeanette Weinberg Foundation, one of the largest private charitable foundations in the United States, provides approximately $100 million in annual grants to nonprofits that provide direct services to low-income and vulnerable individuals and families, primarily in the US and Israel. Grants are focused on meeting basic needs and enhancing an individual's ability to meet those needs with emphasis on older adults, the Jewish community, and our priority communities of Maryland, Northeastern Pennsylvania, Chicago, and Hawaii. The trustees, some of whom also serve as executive officers of the Foundation, are Alvin Awaya, Donn Weinberg, Fay Hartog-Levin, and Chair Robert T. Kelly, Jr. Rachel Garbow Monroe serves as the Weinberg Foundation's President and Chief Executive Officer. For more information, please visit www.hjweinbergfoundation.org.

Media Contact: Craig Demchak, 443-738-1159 
[email protected]

SOURCE Harry and Jeanette Weinberg Foundation

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http://www.hjweinbergfoundation.org