Education must also train one for quick, resolute, and effective thinking. To think incisively and to think for one's self is very difficult. We are prone to let our mental life become invaded by legions of half truths, prejudices, and propaganda. At this point, I often wonder whether or not education is fulfilling its purpose. A great majority of the so-called educated people do not think logically and scientifically. Even the press, the classroom, the platform, and the pulpit in many instances do not give us objective and unbiased truths. To save man from the morass of propaganda, in my opinion, is one of the chief aims of education. Education must enable one to sift and weigh evidence, to discern the true from the false, the real from the unreal, and the facts from the fiction.
–Dr. Martin Luther King, Jr. ’48
Morehouse College Student Paper, The Maroon Tiger, 1947
Morehouse College seeks an exceptional and experienced individual to serve as its next Chief Financial Officer (CFO). Reporting directly to the President, and working with other key senior leaders and trustees, the CFO will lead the college’s financial and business affairs and will help to shape Morehouse’s future through strong fiscal stewardship as the College enters the next exciting phase of its storied history.
Founded in 1867 as a private, residential, single-sex liberal arts college, Morehouse is renowned for its achievements in education and the impact of its graduates in business, science, the arts, religion, and education. For 150 years, it has stood at the vanguard of educating African-American men in the United States and has had an outsized impact on higher education. Morehouse continues to incubate some of the world’s most recognizable influencers in entertainment, entrepreneurship, finance, healthcare, politics, social justice, and advocacy. With an operating budget of $88M and an endowment of $145M, it enrolls approximately 2,200 students.
The CFO will be a proven, effective leader with demonstrated experience strengthening financial and operational systems. The CFO will possess the technical knowledge and business acumen to provide structure and stability for the College’s fiscal and administrative processes. The successful candidate will support the core mission of Morehouse College and will oversee all financial planning, cash and debt management, accounting, treasury, and investment practices for the College. The CFO will manage resources, make recommendations, set strategy, and will serve as the primary liaison for the institution’s relationships with banks and rating agencies. The CFO will also oversee selected operational areas. The final administrative portfolio will reflect the strengths and interests of the selected candidate.
The CFO will be expected to provide strong fiscal stewardship and identify new revenue sources and models; oversee and manage the finance and administrative team; serve as an operational and strategic planning partner to the president, senior leadership and Board; communicate effectively financial information and decisions to the Morehouse community; and oversee efficient and transparent financial and business operations.
The new CFO will be a hands-on leader with excellent interpersonal, communication, and financial leadership skills. The CFO will have a keen understanding of the trends and issues facing institutions of higher education, and the financial and operational strategies needed for success. The CFO must be resourceful, organized, and results-oriented. The successful candidate will respect the College’s collaborative culture and be a confident, humble leader able to influence and motivate others in a fast-paced environment.
Morehouse College has retained the services of Isaacson, Miller—a national executive search firm—to assist in conducting this important search and to help identify outstanding candidates. All inquiries, applications, and nominations for this opportunity should be directed to the search firm as indicated at the end of this document.
APPLICATIONS, NOMINATIONS, AND INQUIRIES
Morehouse College is partnering with Isaacson, Miller in this recruitment. Inquiries, nominations/referrals, and résumés, along with cover letters, should be submitted confidentially and electronically to: