Steven Bradley Joins the board of the Philadelphia Foundation
PHILADELPHIA, PA. (4/6/2105) – Steven Scott Bradley, Edward H. Morris and R. Duane Perry have been named to the Board of Managers of The Philadelphia Foundation, the $370 million community foundation that manages more than 900 component funds to support the region’s nonprofit sector.
Steven Scott Bradley is the President and CEO of Bradley & Bradley Associates, Inc., a leading provider of commercial property and risk management services, whose clients include the City of Philadelphia, charter schools and large number of nonprofit organizations in the region.
Edward H. Morris was the Vice President of Investments and Cash Management for Independence Health Group (IHG) from 1997 to 2014. In that position, he managed and directed the investment of all insurance company, pension fund and foundation assets for IHG and its subsidiaries.
R. Duane Perry founded The Food Trust, a charitable organization dedicated to ensuring that everyone has access to affordable nutritious food. He previously was President of the Pyramid Development Group and Executive Director of the Reading Terminal Market Merchants’ Association and the Philadelphia Center for Health Care Sciences. He was first elected to the Foundation’s Board in 2004 and served through 2012 before being reappointed this year.
The Board of Managers plays a pivotal role for the 96-year-old foundation and reflects the diverse interests of the community. As stewards of the Foundation, the Board establishes policy, reviews the investment performance of funds, leads the effort to develop assets, and makes final decisions on all grants to ensure that the philanthropic wishes of donors are carried out. Board members also ensure that the organization’s values of trust, hope and efficiency are maintained.
Each Board member serves a maximum of three three-year terms and is either elected by the Board of Managers or appointed by several community institutions.
Since 1918, The Philadelphia Foundation has been committed to improving the quality of life in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties. It links those with financial resources to those who serve societal needs. Through investment, it grows the more than 900 charitable funds established by its donors. In 2014, its assets totaled $369 million, and it distributed about $25 million in grants and scholarships to about 1,200 effective nonprofit organizations. Through this support, the Foundation enhances culture and recreation, strengthens children and families, advances economic opportunities and builds healthy communities.