The president of a $40 million foundation serving Hamilton County will step down at the end of the month to take a similar job in Iowa.
Brad Little, president of the Legacy Fund, an affiliate of the Central Indiana Community Foundation, is leaving to become president and CEO of the Ottumwa Regional Legacy Foundation, a newly created foundation.
"I have been privileged to be associated with Legacy Fund for more than three years of remarkable growth, board energy and community engagement,” Little said in a prepared statement. “My new position is a once-in-a-lifetime opportunity to build an organization from the ground up."
CICF President Brian Payne said Little will be sorely missed. “Under his leadership we have grown the foundation from $25 million to almost $40 million and raised
nearly $28 million in one of the worst economies of our lifetime," Payne said in a prepared statement. Little also is a vice president at CICF.
The Legacy Fund board and CICF have assembled a search committee to fill Little’s position. Payne will lead the fund on an interim basis.
Legacy Fund was founded in 1991, and in 1997, it joined with the Indianapolis Foundation to create the Central Indiana Community Foundation. CICF manages more than $480 million in charitable assets.
The Legacy Fund provided $3 million in grants to 260 different Hamilton County organizations in 2008, the latest year for which information was available. Little was paid a total of $109,744 that year, foundation records show, including $7,836 in compensation from CICF.
Little came to CICF from the Carmel Dads' Club, where he was executive director for five years. Before that, he was chief operating officer and vice president of finance and insurance at Lambda Chi Alpha fraternity's national headquarters.