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Frances Messano

CEO at NewSchools Venture Fund

Frances Messano is the Chief Executive Officer of NewSchools Venture Fund, a nonprofit venture philanthropy focused on transforming public education in the United States. She transitioned to this role in January 2023 after serving as the organization's President since 2021, where she was instrumental in shaping its investment strategies and overseeing significant grantmaking initiatives.12

Career Background and Achievements::

  • NewSchools Venture Fund: Messano has been with NewSchools since 2015, where she has led various initiatives, including the Diverse Leaders investment strategy aimed at increasing funding for education leaders of color. Under her leadership, NewSchools has invested over $45 million in educational ventures, with a focus on equity and innovation.24
  • Previous Experience: Prior to her tenure at NewSchools, she held senior roles at Teach For America as Vice President of Strategy and at Monitor Institute (part of Monitor Deloitte) as an Associate Partner. These positions involved developing organizational strategies and enhancing educational outcomes.135
  • Education: Messano holds an MBA from Harvard Business School and a Bachelor of Arts in Economics from Harvard College. She is also a first-generation college graduate, which informs her commitment to educational equity.123

Community Involvement:: Frances serves on several boards, including Unidos US and Stand for Children, reflecting her dedication to increasing access to educational opportunities for underrepresented communities. She is known for her advocacy for racial equity in education and aims to create inclusive funding strategies that empower diverse leaders in the field.246

Personal Life:: Messano resides in San Francisco with her husband and their three children, who attend schools supported by NewSchools. In addition to her professional pursuits, she enjoys singing with the Oakland Interfaith Gospel Choir and participating in karaoke nights.12

Highlights

Jul 1 · linkedin

Reflecting on my conversation with Carmita Semaan at Summit and a recent report she co-authored with members of The Bridgespan Group (Dorothy Jones, Grace Nguyen, and Nate Wong), I’m struck by how much work still needs to be done to support leaders of color.

While more leaders of color are stepping into executive roles, especially in education, we’re also seeing an exodus. Many leaders are fatigued from the lack of support for diversity-focused initiatives, waning philanthropy, and the "glass cliff" phenomenon. All these challenges lead to burnout and turnover as leaders of color are expected to solve systemic problems without support and resources.

When I transitioned into the CEO role at NewSchools, I was fortunate to have a critical mentor in Stacey Childress and a supportive board. We spent more than a year preparing for the change, communicating with all stakeholders, strengthening funder relationships, and ensuring I had the support I needed through an executive coach and Chief of Staff. This support was crucial, but this is not the experience of many other leaders of color.

We need more than just belief in the potential of leaders of color; we need actionable, sustained investment. This includes providing patient, long-term capital to new CEOs of color, so they have the financial runway they need to hire the right team members, develop a new strategy and oftentimes to fix what’s broken. It also requires board members to have a deep understanding of the unique challenges these leaders face, as well as the current state of the organization

The Bridgespan report outlines crucial steps funders can take to ensure leaders of color are not just surviving but thriving in their roles, and driving impactful change in our communities.

Read the full report: https://lnkd.in/gsTpbkUP

#NewSchoolsSummit2024 #Leadership #Diversity #CareerAdvancement #SuccessionPlanning #NonprofitLeadership #EducationLeadership #SupportLeadersOfColor #Philanthropy

Jun 27 · linkedin

I'm thrilled to share that I’ve joined the board of an organization that’s been instrumental in my professional journey: Management Leadership for Tomorrow (MLT). MLT empowers talented individuals from underrepresented communities to accelerate their careers with the goal of closing our nation’s racial wealth gap.

As I reflect on my own path, it feels like a full circle moment. At 26, I realized my life’s work wasn’t in finance. I wanted to find a calling that truly fulfilled me, so I pursued an MBA to help me change careers. Friends who were on similar paths pointed me to MLT, where I found deep support and a community of Black, Latino, and Native leaders who, like me, were seeking opportunity. The community I built there is still central to my life today, including close friendships with Ime Archibong, Constance (CJ) Jones, MBA, Joia Pardo-Matthews, Harlyn Pacheco, and so many others.

The support and guidance from MLT helped me find my true calling in education, fueling my passion for preparing students of color to succeed, which ultimately led me to become the CEO of NewSchools. So when John Rice, who has been a long-time mentor and friend, asked me to join the board and serve as one of their first two alumni directors, I couldn’t resist the opportunity. I am honored to serve alongside my good friend, Ime Archibong.

Thank you to MLT for this incredible opportunity. I look forward to working with such a dynamic and visionary group of leaders to continue driving impact for our communities.

One last thing, it’s not too late to make your annual contribution to MLT. Click here to give: https://bit.ly/4bCzqFb (Alumni, I’m looking at you!)

#Leadership #Diversity #Inclusion #ExecutiveLeadership #BoardLeadership #DiverseLeaders

Related Questions

What are Frances Messano's main goals as the new CEO of NewSchools Venture Fund?
How has Frances Messano's leadership impacted NewSchools Venture Fund's investment strategies?
What is the Diverse Leaders investment strategy that Frances Messano created?
How did Frances Messano's role at Teach for America prepare her for her position at NewSchools Venture Fund?
What are some notable achievements of Frances Messano in the education sector?
Frances Messano
Frances Messano, photo 1
Frances Messano, photo 2
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Location

Oakland, California, United States