New York City-based Youth I.N.C., which helps youth-focused nonprofits grow their organizations, has named Rehana Farrell as executive director. Previously, Farrell served as chief operating officer at Cain Hoy Enterprises. Also, Youth I.N.C. has tapped John Waldron, who co-heads Goldman Sachs‘ investment banking division, as co-chair of its board.
NEW YORK, N.Y. – January 26, 2015 – Youth, I.N.C. – Improving Nonprofits for Children announced today the appointment of Rehana Farrell as Executive Director. Farrell will be responsible for continuing the legacy of success that Founder, Steve Orr, created over the last 20 years helping nonprofits serving children in New York City grow and develop their organizations.
Youth, I.N.C. harnesses the energy and talent of New York’s business leaders to help the City’s most promising grassroots organizations create opportunities for children. Using a venture philanthropy model, Youth, I.N.C. teaches nonprofits to fundraise, develop their boards and use strategic planning and metrics to increase their impact. Youth, I.N.C. also directly invests in its nonprofit partners with capacity building grants. Since inception, Youth, I.N.C. has raised over $50 million dollars, transformed 120 nonprofits and impacted the lives of over 600,000 youth in New York City.
“I am delighted that Rehana Farrell has decided to join Youth, I.N.C. as our new Executive Director and I am confident that her wealth of experience in both financial services and non-profits will strengthen our organization,” said Rick Schifter, TPG Capital and Co-Chair of the Youth, I.N.C. Board. “I am also pleased to announce that John Waldron, Co-Head of the Investment Banking Division of Goldman Sachs, has agreed to Co-Chair the Board of Youth, I.N.C. with me. John has made a significant contribution to our success and we will benefit from his vision and leadership in this role.”
John Waldron added, “It’s an exciting time to become Co-Chair of the Youth, I.N.C. Board, working closely with Rick and Rehana to take Youth, I.N.C. to the next level in the years to come. I would also like to acknowledge that we wouldn’t be where we are today without the tireless efforts of our Founder and outgoing Executive Director, Steve Orr.” Steve will now lead the National Advisory Board where he will cultivate this group of established business leaders to expand the reach and impact of Youth, I.N.C.
Youth, I.N.C. celebrated its 20 year anniversary in 2014. As such, the hire of Farrell comes at a time when the organization and board members have diligently evaluated and appreciated the growth and success of the organization to date and are ready to take the next step in their mission to bring innovation, leadership and support to their nonprofit partners.
Farrell joins Youth, I.N.C. with over 20 years of financial services experience. Most recently, she was the Chief Operating Officer of Cain Hoy Enterprises, a private equity firm in New York, which she joined from Guggenheim Partners where she served as Chief Administrative Officer of Guggenheim Investments. Prior to that, Farrell worked at Merrill Lynch and Prudential Financial. She holds an MBA from Columbia Business School and a BA from Smith College. She has been an active alumna of both institutions and also works closely with numerous nonprofits nationwide.
“For over twenty years, Youth, I.N.C. has engaged with venture philanthropists and the business community to try to level the playing field for children living in New York City,” said Farrell. “I look forward to contributing to the future success and growth of the organization and building on the strong foundation that Steve Orr, our Founder, created. I am thrilled that Steve will now lead our National Advisory Board and help us achieve our full potential.”
On Wednesday, January 28, 2015, Youth, I.N.C. will host its Fourth Annual Innovators Breakfast at Wells Fargo featuring Jonathan Grayer, Chair and CEO of Weld North and former CEO of Kaplan, Inc, moderating a discussion with Joel Klein, CEO of Amplify and former Chancellor of NYC Schools, and Amy Kadomatsu, Co-Founder and President of ROKO Labs.
About Youth, I.N.C.:
Since 1994, Youth, I.N.C. has invested in and transformed over 120 youth-serving nonprofits to improve the lives of children in New York City. After 20 years, Youth, I.N.C. continues to transform the way nonprofits do business – raising over $50 million for New York City nonprofits and impacting the lives of over 600,000 youth. By harnessing the power of venture philanthropy, Youth, I.N.C. continues to educate, empower and transform grassroots organizations helping children in New York City. To learn more about Youth, I.N.C. visit: www.youthinc-usa.org.