Visa Foundation appoints Najada Kumbuli as president

Visa Foundation has appointed Najada Kumbuli as its new president, effective immediately, according to a company statement. Kumbuli will oversee the foundation's impact investing and grantmaking activities while also serving as Visa Inc.'s head of global philanthropy.

Kumbuli brings more than 15 years of experience in investment strategy, impact evaluation, and global philanthropic program leadership. She previously worked as Investment Director at Calvert Impact Capital, a global impact investment firm. She replaces Graham Macmillan, who held the president position since 2019.

Since 2020, Kumbuli has served as the foundation's head of investments, helping shape its endowment investment strategy. The foundation has committed over $350 million across more than 150 global partners, supporting 12 million small and medium businesses and 14 million jobs in more than 100 markets.

"I am honored to be appointed as the next Visa Foundation president," Kumbuli said. "Over the past five years I have witnessed first-hand the impact that grants and investments can have by supporting entrepreneurs, creating new jobs, and fueling innovation in local communities."

Kelly Mahon Tullier, chair of Visa Foundation and vice chair and chief people and corporate affairs officer at Visa (NYSE: V), said Kumbuli's leadership has been instrumental in accelerating the foundation's investment strategy. The foundation has deployed capital to grantees and investees in over 100 markets, impacting more than 10 million small and medium businesses.

Visa Foundation operates as a 501(c)3 entity focused on supporting inclusive economies through grantmaking and investing, with particular emphasis on micro and small business resilience and growth.

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