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  • Writer's pictureLynsey Krusie

Mel McMains Retires from Community Foundation Investment Committee

The Community Foundation of Greater Muscatine announces the retirement of Mel McMains, who has served as the Chair of the Investment Committee for over two decades.

Mel’s tenure with the Community Foundation has been marked by a steadfast commitment to the financial stewardship and strategic growth of our community’s resources. Under Mel’s leadership, the volunteer Investment Committee has consistently outperformed national investment peer benchmarks, ensuring that funds are managed with the highest level of expertise and care.

Rich Dwyer, Chairman of the Community Foundation of Greater Muscatine, remarked, “Mel McMains has made an extraordinary contribution to the Community Foundation’s success. The volunteer Investment Committee, under Mel’s leadership, has been instrumental in growing our assets and credibility. Individual, business, and agency donors have taken notice and chosen the Community Foundation to achieve their charitable intentions.”

Mel joined the Community Foundation of Greater Muscatine in the early 2000s, bringing an extensive career portfolio of investment management experience and a dedication to serving the community. Over the years, his vision and guidance have been instrumental in balancing the needs of today with growth for tomorrow and ensuring long-term success for the charitable needs supported through the Community Foundation’s 300+ funds.

“We are profoundly grateful for Mel’s dedication and leadership,” said Charla Schafer, President of the Community Foundation of Greater Muscatine. “Mel has been a vital figure in the success of the Community Foundation aligning his intellect, financial expertise, time commitment, and heart. It is not debatable that our community, both today and for future generations, will be strengthened by Mel McMain’s volunteerism and vision.”

Judi Holdorf, retired Executive Director of the Community Foundation, noted, “After working closely with Mel McMains for ten years, I have firsthand knowledge of his deep commitment, support, and active leadership in investing for the future of the area’s charitable causes. Although I am no longer in the area having retired to Arizona, I keep a watchful eye on the many good things happening in Muscatine. I can attest to the fact that Mel has had a hand in many of them."

David Jones, retired Chief Financial Officer of KENT Corporation, has been elected by the Community Foundation of Greater Muscatine Board of Directors to succeed Mel in the role of volunteer Investment Committee Chair. Dave has been working alongside Mel for 6 years on the Investment Committee.

Before leaving his role, Mel led the Community Foundation through an extensive inquiry and review process to align with Mercer Investments LLC for investment services. With this advisory relationship, the volunteer Investment Committee retains responsibility for strategic direction and oversight of the Community Foundation’s monetary investments, with the support of professional advisors and industry-leading modeling tools.

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