The Community Foundation for Northeast Georgia announced today that Chief Financial Officer Margaret Bugbee has accepted a position as CFO at the Marcus Family Office, an Atlanta organization created by The Home Depot’s co-founder Bernie Marcus. Her last day at the Community Foundation will be June 3, 2022.
“This is a great opportunity for Margaret. She has done an incredible job over the years as CFO of the Community Foundation and means so much to all of us,” said Randy Redner, the Community Foundation’s CEO/president. “She has amazing skills on the fund accounting side, and a huge heart for the community and the work being done to make it a better place for all of us. The fact that she is going to the Marcus Family Office speaks very highly of the job Margaret has done and how she has helped the Community Foundation succeed and grow. We are very sad to see her go, but we are also proud of her and happy she has this opportunity.
“While we would have loved for Margaret to remain part of our staff longer, the good news is that she has committed to supporting us as a consultant on an as-needed basis. Timing is never perfect but we are grateful for her continued support of the Community Foundation.”
For Margaret, who has been part of the Community Foundation in a full-time or part time capacity for over 20 years, leaving is bittersweet.
“While I am excited and honored to have the opportunity to support a family making such an incredible impact through their philanthropy, it was not an easy decision,” Margaret Bugbee said. “It has been my privilege and joy to work with the Community Foundation all these years. Our wonderfully generous donors and the people working tirelessly on the front lines in the nonprofit organizations inspire me every day. I am so grateful for the people I’ve met and the relationships formed during my time here. Particularly over the last few years, Randy and the board have stepped up to make the Community Foundation a leader, convener and catalyst for philanthropy in our community. I look forward to watching the next chapter in the Community Foundation’s history. I know it will continue to be a wonderful asset to the region.”
The Community Foundation’s board chair Dick LoPrestie echoed Randy’s remarks.
“Margaret has been an integral part of helping our fundholders learn how they can make a huge impact in addressing critical needs in our community,” Dick said. “We are thrilled that she has this incredible opportunity, and we know she will excel at it just as she has for the past nine years in her full-time role here at the Community Foundation. We will miss her, but we know she will continue to support us in a consultant capacity.”
Under Dick’s leadership, the Community Foundation’s board will be creating a transition plan in conjunction with the hiring of the Community Foundation’s new CEO.
Before joining the Community Foundation’s staff in May 2013, Margaret spent 15 years doing part-time accounting work for the Community Foundation. Prior to that she worked in the banking industry; in public accounting for Moore Stephens Tiller and Westbrook, McGrath, Bridges, Orth & Bray; in government accounting performing foreign grantee oversight for the Centers for Disease Control; and worked in the nonprofit sector for the National Public Health Information Coalition.