Farash Foundation Executive Director Holli Budd Announces Retirement

Farash Foundation News Release
April 28, 2021

Holli Budd, executive director of the Max and Marian Farash Charitable Foundation will be retiring from her position at the end of 2021. She has served the Foundation for more than fourteen years; as a Trustee for her first four years, and as the inaugural executive director since 2011.

Under her leadership, the Foundation has launched some of its most innovative and impactful programs, including:

  • The First in Family Scholarship, which enables first-generation college students attending local institutions of higher education to graduate debt-free.
  • The Rochester One Happy Camper Program, which introduces children to the magic of Jewish overnight camp by providing grants to first-time attendees.
  • The Rochester Education Fellowship, a two-year fellowship partnering with community stakeholders to co-develop a shared vision, strategy, and solutions to improve educational outcomes for Rochester children.

Whether managing policies and processes, stewarding the Foundation’s assets, or leading the development of bold initiatives, Budd has worked to ensure the values and spirit of Max and Marian Farash are reflected in every aspect of the Foundation.

“All of us at the Foundation are more than grateful for Holli’s dedication to our organization, our grantees, and the Greater Rochester and Jewish communities that meant so much to Max and Marian Farash. Holli’s exemplary and enthusiastic leadership will be missed,” said Thomas H. Jackson, Chair of the Foundation’s board.

Holli Budd reflects, “It has been an honor and privilege to serve as the Foundation’s Executive Director. I am grateful to have had the opportunity to partner with our communities’ extraordinary people and nonprofit organizations to confront the needs at hand and endeavor to make a difference. The Foundation has a wonderful staff and board, and with new leadership it will continue to serve the communities that Max and Marian Farash held so dearly.”

Prior to joining the Farash Foundation, Budd enjoyed a thirty-one-year career at the University of Rochester. She served as the University’s first female vice president before her role as Associate Dean for MBA Administration and External Relations at the Simon Business School.

A formal search will be conducted to identify the next CEO of the Foundation. The Board Search Committee will be chaired by Trustee Daan Braveman. Patty Phillips, president of Clarity Recruiting and Career Management, Inc. has been retained as a search consultant to assist with the process.

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About the Farash Foundation

The Max and Marian Farash Charitable Foundation (The Foundation) is a private charitable foundation established in 1988 by Max and Marian Farash. The Foundation is dedicated to the civic and religious communities of its founders who believed in the importance of education and knew the power of entrepreneurial creativity. It strives to make long-term and meaningful contributions in Monroe and Ontario Counties and in Israel. The Foundation serves primarily as a grantmaking organization, with half of its grants supporting Jewish Life, and the other half supporting secular activities in the greater Rochester area. The Foundation places its highest priority on endeavors designed to transform the lives of individuals and the work of organizations. Since its transition to a professionally staffed organization in 2011, the Foundation has invested more than $90 million in grants and program support, and its assets total more than $300 million.