New York, NY — TruFund Financial Services, Inc. is pleased to announce the appointment of Terrence Clark as the new Chair of its Board of Directors. This significant leadership change marks an exciting new chapter for the organization as it continues to expand its impact in providing financial resources and services to underserved communities.
Terrence Clark currently serves as the President and CEO of the New York and New Jersey Minority Supplier Development Council and brings more than 30 years of community and economic development experience and a fresh perspective as the new chair to TruFund’s board of directors, having served in various leadership roles across these industries. His deep commitment to community development and financial inclusion aligns perfectly with TruFund’s mission to empower small businesses and create economic opportunities in underserved areas.
"I am honored to take on the role of Board Chair at such a pivotal moment in TruFund's history," said Clark. "I look forward to working with our talented team and partners to continue building on TruFund's legacy of innovation and impact, ensuring that we reach even more entrepreneurs and communities in need."
Under Clark’s leadership, TruFund aims to enhance its strategic initiatives, increase funding opportunities, and strengthen partnerships that will drive sustainable growth and success for small businesses. His vision for TruFund includes expanding access to capital, leveraging technology to improve service delivery, and fostering an inclusive environment where diverse businesses can thrive.
"We are thrilled to welcome Terrence Clark as our new Board Chair," said James H. Bason, CEO of TruFund Financial Services, Inc. "His expertise and passion for community impact will be invaluable as we navigate the evolving landscape of small business lending and investment and continue to champion economic equity."
The election of Terrence Clark underscores TruFund’s commitment to dynamic leadership and innovation in advancing its mission. With his guidance, TruFund is poised to deepen its impact and broaden its reach, creating lasting change for the communities it serves.
For more information about TruFund Financial Services, Inc. and its programs, please visit www.trufund.org
About TruFund Financial Services
TruFund Financial Services, Inc. is a wholly independent national non-profit Community Development Financial Institution (CDFI). TruFund seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing fair and accessible capital, hands-on technical assistance and innovative solutions to small businesses and nonprofit organization. To learn more about TruFund, visit www.trufund.org.
