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Former Irwin CEO takes helm of New York foundation

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Former Irwin Financial Corp. CEO William I. Miller is joining The Wallace Foundation of New York as its president.

The Cummins Inc. board member and chairman of privately held Columbus, Ind.-based Irwin Management Co. is slated to take the helm of the arts- and education-focused philanthropic organization July 1. The former president, M. Christine DeVita, is retiring.

The foundation, which was formed in 2003 from the merger of two philanthropic organizations that date to the 1950s, has $1.3 billion in assets.

“At a time of heightened uncertainty and increasing globalization, it is crucial for the future of our society that all children have access to a sound education and a variety of informal learning opportunities, including the arts," Miller said in a statement announcing his appointment. "Education lays the foundation for an individual’s ability to improve his or her life, participate in civil society and innovate, while the arts play a vital role in our search for meaning."

Miller was CEO and chairman of Columbus-based Irwin Financial, which filed for bankruptcy liquidation in 2009 after taking steep losses on mortgage loans. The company listed assets of $13 million and liabilities of $230 million when it liquidated. Subsidiary Irwin Union Bank and Trust, one of Indiana's oldest banks, also folded in the process.    

Miller also serves on the boards of the John D. & Catherine T. MacArthur Foundation and Yale University. He is a past board chairman of Public Radio International, and a founding member of the Community Education Coalition of Columbus, a regional partnership of school superintendents, community college leaders and businesses.

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  • Non-Profit
    At least he has experience running a non-profit organiztion. The only problem is, his last company didn't start out that way.
  • amazing...
    ...how these guys always manage to fail UP!

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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