Weinberg Foundation Marks Biennial Community Celebration with Announcement of Planned Leadership Changes

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The Weinberg Foundation holds its Biennial Community Gathering this year as a virtual event with more than 1,400 scheduled to view the program live online. During the program, the Foundation will announce several leadership changes, both in its Baltimore and Hawaiʻi offices. Three senior leaders will be retiring from the Foundation in 2022.

Jonathan Hook will retire as the Foundation’s chief investment officer in September 2022. At that time, David Gilmore, who currently serves as the Foundation’s deputy chief investment officer, will be promoted to CIO.

Since joining the Foundation in 2014 as the Foundation’s first internal CIO, Mr. Hook has overseen the growth of the Foundation’s assets from $2.1 billion to now exceeding $3.2 billion—an increase of more than 50 percent. As a result, the Foundation’s grantmaking has grown accordingly and substantially, and the Foundation expects to award approximately $140 million in grants in 2022.

Craig Demchak will retire as chief communications officer of the Foundation in October 2022. The Foundation will announce Mr. Demchak’s successor in the coming months. Since joining the Foundation in 2010, he has led the modernization and growth of all the ways in which the Foundation’s work is shared, both externally and internally.

And finally, Corbett A. K. Kalama will retire as executive vice president – Hawaiʻi office at the end of 2022. Mr. Kalama began his tenure with the Foundation in 2013 as vice president of real estate investments and community affairs. For three decades before he joined the Foundation, Mr. Kalama worked as a senior executive with First Hawaiian Bank and in that professional role had a close working relationship with the Foundation.

As a result of Mr. Kalama’s departure, the Foundation is excited to announce two promotions within the Hawaiʻi office.

Giorgio Caldarone, Managing Director of Hawaiʻi Real Estate, will be promoted to vice president, Hawaiʻi operations and real estate.

And Marisa Castuera Hayase, Program Director – Hawaiʻi office, will be promoted to managing director, Hawaiʻi programs and communications.

Today, the Foundation also celebrates approximately $130 million in grant activity in 2021, as well as the growth of the Foundation’s total assets and increased, projected grant activity for 2022. Since 1990, the Foundation has distributed grants totaling more than $2.5 billion.

The Foundation hosts its Biennial Community Gathering as a way of expressing gratitude to its grantees and partners for their work in serving people who are experiencing poverty. Due to ongoing concerns regarding COVID, the Foundation is presenting this year’s event virtually with an estimated audience of approximately 1,400. The live streaming program—a recording of which will be available on the Foundation’s website—features a conversation with Dr. Albert Bourla, Chairman and Chief Executive Officer of Pfizer; remarks by Dr. Erica Brown, award-winning author and Jewish educator; as well as a spoken word video created by two Weinberg Foundation grantees, DewMore Baltimore and Wide Angle Youth Media.

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