Clara Miller

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Clara Miller
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Born1949 (age 75–76)
Hanover, New Hampshire, U.S.
Alma materUniversity of New Hampshire, Cornell University
OccupationExecutive, Innovator in Social Finance
Known forNonprofit financial management, impact investing
AwardsPrince’s Prize for Innovative Philanthropy, Bellagio Residency (Rockefeller Foundation)

Clara Miller (born 1949) is an American executive and innovator in social finance, recognized for her contributions to nonprofit financial management and impact investing. She is the founder of the Nonprofit Finance Fund (NFF) and the former president of the Heron Foundation. Miller is known as a pioneer in mission-aligned investing and for developing financial strategies to help nonprofits achieve sustainability and impact investing.

Early Life and Education

Clara Miller was born in Hanover, New Hampshire, in 1949. She earned a bachelor's degree in studio art from the University of New Hampshire in 1972[1] and a master’s degree in Regional Planning from Cornell University in 1977.[2]

Career

In 1984, Miller founded the Nonprofit Finance Fund (NFF), a national nonprofit organization focused on providing financial services, including loans and consulting, to nonprofit organizations. During her tenure as president and CEO, Miller led NFF to become a leader in nonprofit financial management and impact measurement.[3]

In 2011, Miller became president of the Heron Foundation. During her leadership, Heron became a model of mission-related investing by aligning all of its assets with its social impact objectives.[4] Miller advocated for integrating financial and mission strategies, a practice that influenced foundations worldwide.[5] Heron’s transformation under Miller was profiled in case studies and academic research.[6]

Miller has served on numerous advisory committees and boards, including the Federal Reserve Bank of New York’s Community Advisory Committee and the Sustainability Accounting Standards Board.[7][8]

Awards and Recognition

Miller has received numerous accolades for her work, including:

  • The Prince’s Prize for Innovative Philanthropy, awarded by Prince Albert II of Monaco in 2015.[9]
  • A Bellagio Residency from the Rockefeller Foundation in 2010.[10]
  • The "Shining Star Award" from Performance Space New York in 2014.[11]
  • Social Innovator of the Year from the University of New Hampshire in 2017.[12]

Additionally, she has been featured multiple times on the NonProfit Times’s “Power and Influence Top 50” list.[13]

Selected Publications

  • Miller, Clara. "More from Nonprofits Now Means Less in the Future." *Financial Times*, December 2008. "More Nonprofits Now Means Less in Future". Retrieved 7 July 2023.
  • Miller, Clara. "Capital, Equity, and Looking at Nonprofits as Enterprises." *Nonprofit Quarterly*, August 2017. "Capital, Equity, and Looking at Nonprofits as Enterprises". Retrieved 7 July 2023.


References

  1. "Hanover High School Alumni Association". Alumni Class. Retrieved October 31, 2024.
  2. "Curtain Call". Dartmouth Magazine. Retrieved October 31, 2024.
  3. "History of the Nonprofit Finance Fund". Nonprofit Finance Fund. Retrieved February 19, 2024.
  4. "FB Heron Foundation Leads Foundations Toward 100 Percent Impact Investment". Forbes Magazine. 1 July 2015. Retrieved November 18, 2024.
  5. "The F.B. Heron Foundation Appoints Clara Miller". Nonprofit Quarterly. 25 January 2011. Retrieved February 19, 2024.
  6. "The Heron Foundation: 100 Percent for Mission and Beyond". Stanford Graduate School of Business. Retrieved July 7, 2023.
  7. "Summer Quarterly 2000" (PDF). CDFI Fund. Retrieved August 7, 2024.
  8. "News Release Announcing Clara Miller". Financial Accounting Standards Board. Retrieved August 7, 2024.
  9. "The Prince's Roundtable and The Prince's Prize for Innovative Philanthropy". Tocqueville Foundation. Retrieved November 1, 2024.
  10. "Clara Miller". Rockefeller Foundation. Retrieved August 7, 2024.
  11. "Performance Space New York Spring Gala 2014 Wrap Up". Performance Space 122. 19 May 2014. Retrieved July 7, 2023.
  12. "Social Innovator of the Year". University of New Hampshire. 18 August 2021. Retrieved July 7, 2023.
  13. "Top 50 List" (PDF). The NonProfit Times. Retrieved August 7, 2024.

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