Benedum Foundation announces Chief Financial Officer

PITTSBURGH (February 17, 2016) – Lawrence T. Mangan has been named Chief Financial Officer of the Claude Worthington Benedum Foundation.  He will join the Foundation on March 1, 2016, and will oversee the Foundation’s financial operations, and support its endowment investment activities.

Prior to accepting the position with the Benedum Foundation, Mr. Mangan was the Head of Member Services of The Investment Fund for Foundations (TIFF).  TIFF is a $10 billion nonprofit investment management firm, with over 800 clients.  His prior experience includes:  President of the LTM Consulting Group, LLC, an independent financial management consulting firm; Chief Financial Officer of The Rockefeller Foundation, a $4.2 billion global private foundation; Vice President, Finance and Treasurer of the Connelly Foundation, a $260 million private family foundation in Philadelphia.  Mr. Mangan also has held several offices at the Foundation Financial Officers Group (FFOG), including serving as its President.  He previously served as Chair of the Audit Committee of Delaware Valley Grantmakers, and as a Trustee of the First Hospital Foundation and the Dorothea Van Dyke McLane Association.

A Pittsburgh native, Mr. Mangan earned his B.S. in Finance from The Pennsylvania State University, and his MBA from La Salle University.  At Penn State, Mr. Mangan was a track athlete, where he was the first runner to break four minutes in the mile.  After college, he competed for Nike, Inc., as a member of a sponsored team which competed in international and domestic track and field events.  Mr. Mangan twice competed in U.S. Olympic Track and Field Trials at 1,500 meters.