After 20 years at the helm, Ronn Richard is stepping down as president and CEO of the Cleveland Foundation.
The Washington Post reports the 68-year-old Richard will be replaced by Lillian Kuri, the foundation's current executive vice president and chief operating officer.
Kuri will take over for Richard on Aug.
1.
The San Francisco Ballet's former president and CEO, Arturo Jacobus, will take over as interim executive director.
Meanwhile, the National Gallery of Art has named Laura Lott, president and CEO of the American Alliance of Museums, as its new administrator, effective July 3.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.