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May 6, 2008

Former bank chairman to run R.I. Foundation

The Rhode Island Foundation today announced that is has named Neil Steinberg, a former bank chairman and current chief of Brown University's money-raising campaign, to be president and chief executive officer.

A foundation news release said the the board of directors picked Steinberg after a four-month national search by an eight-member committee.

Steinberg takes up duties on Aug. 15.

Steinberg has been vice president of development and campaign director at Brown since 2004 and is a former chairman and CEO of Fleet Bank-Rhode Island. During the past three years, Steinberg has headed up Boldly Brown, a campaign that raised almost $1.2 billion toward a $1.4 billion goal.

He was also on the transition teams for Governor Carcieri and Providence Mayor David N. Cicilline and was chairman of the group that reviewed Providence Public Library’s financial situation in 2006, according to the news release.

The Rhode Island Foundation was founded in 1916. It has assets of $600 million and distributed $25.4 million in grants last year. Housing, economic development, health care, public eduction and the arts are among the areas it has supported.

-- projo.com staff writer Michael P. McKinney

Posted by Mike McKinney  at 2:01 PM | Permalink

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