Chief Executive Officer, Headwaters Foundation
Headwaters Foundation (“Headwaters”) is dedicated to working side-by-side with Western Montanans to improve the health of our communities. With the active involvement of families in shaping solutions to Western Montana’s most pressing health challenges, we work to power community-driven approaches that proactively address upstream issues affecting community health and well-being.
Based in Missoula, Headwaters was formed in 2017 to steward community resources that were transitioned into an endowment after the sale of Western Montana’s Community Medical Center hospital. Governed by an eleven-member Board of Trustees, Headwaters is one of the largest health-related foundations in Montana, with assets of $120 million and annual grantmaking in Western Montana of about $5 million. In 2022, we proudly opened Confluence Center, a hub for nonprofit events and community gatherings on the ground floor of our downtown Missoula headquarters.
Headwaters has become a proud leader in the growing Trust-Based Philanthropy movement, an approach that flips the script on conventional philanthropy by advancing equity, sharing power, and building mutually accountable relationships. The Headwaters team recently introduced a new ten-year strategic framework, doubling down on our commitment to community empowerment and equity. We seek an inspirational leader to help us propel this transformative agenda forward.
THE POSITION
Working alongside the Board of Trustees, the incoming Chief Executive Officer has a unique and exciting opportunity to position an established, young, and growing organization for continued success as we pursue ambitious plans to more than double our grantmaking over the next ten years. The supportive, respectful, and mission-driven Board of Trustees is comprised of professionals who bring a range of expertise and perspectives on the upstream factors that contribute to the health of the communities that Headwaters serves. The CEO will collaborate with the Board of Trustees to set organizational strategy and vision, work with staff and the community to co-create an implementation plan for the ten-year strategic framework, ensure strong and transparent governance, engage the community, promote an inclusive and transparent organizational culture, and represent the organization locally and nationally.
KEY PRIORITIES
- Engage with the Community: It will be crucial for the CEO to engage authentically and deeply with communities throughout the service area and the state, with the grantees who serve them, and with policymakers who represent these communities in state government.
- Provide Strategic Vision and Leadership: The new CEO will chart a path as we grow our grantmaking, lean into our public profile on key issues relevant to the health and wellness of Western Montanans, and explore innovative ways to further deepen and amplify the trust-based philanthropy approach.
- Cultivate a Cohesive, Engaged, Impactful Team: The CEO will need to create and sustain the conditions for staff to do their best work, operate effectively with one another and as community partners, learn together, and grow.
- Provide Leadership in the Field of Trust-Based Philanthropy: The new CEO will be expected to balance their local obligations to the people of Western Montana with the national profile that this role brings.
- Steward Financial Resources Effectively: The CEO is responsible for ensuring sound financial management of the organization, which includes operational budget management, effective grantmaking practice, and stewardship of the endowment.
MINIMUM QUALIFICATIONS
We seek candidates with a minimum of ten years of professional experience with executive management responsibilities, preferably in a health-related nonprofit or philanthropic organization. A dedication to and deep understanding of trust-based philanthropy is necessary and important. A bachelor’s degree is required, and an advanced degree, such as an MBA, MPH, or MD would be an asset. Knowledge of grantmaking and philanthropy is required, and knowledge of financial matters such as asset allocation and portfolio management is preferred. Experience with rural and Tribal communities and/or in the health industry, health policy, and/or social justice is highly desired.
COMPENSATION, BENEFITS, & LOCATION
The hiring range for this position is $257,000 - $352,000. A robust benefits and wellness package is also included. This is a full-time position in Missoula, Montana except for required travel. We have an office available to staff. Relocation support is available as part of a comprehensive benefits package.
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