Shawn McLaughlin is the founding President of McLaughlin Ryder Investments, LLC, an Alexandria money management firm. Prior to starting McLaughlin Ryder Investments, in 2003 he worked as Senior Vice President of Investments for Legg Mason Wood Walker, Inc. in Alexandria for 20 years. A graduate of Georgetown University, he was selected by the Alexandria Chamber of Commerce as the Alexandria Business Leader of the Year in 2005. He serves on numerous civic and community boards throughout the Commonwealth of Virginia including Burke and Herbert Bank & Trust Company, the Alexandria Police Foundation and Inova Health Systems. Shawn McLaughlin resides in Alexandria with his wife and four children.
Mr. Vincent Carpenter, Vice-Chairman
Vincent Carpenter is the founder of Chesapeake Financial Services (CFS) and is an NASD Series 7 Registered Representative, an NASD Series 24 Registered Principal with Seaboard Securities, Inc., a licensed life and health insurance consultant, and a broker with several leading life and health insurance companies.
Prior to founding CFS, Vincent was a financial planner and Vice-President of Operations at Strategy 2000 Financial Planning in Chesapeake. He began his financial planning career as a Registered Representative with Financial Designs (formerly Innovative Financial Concepts) in Virginia Beach, VA, in 1985.
Vincent graduated with honors from Indian River High School in Chesapeake, VA, and was a Business and Communications major at Old Dominion University in Norfolk, VA. Among his civic and political activities, he is a member of the Governor's Job Training Coordinating Council, Virginia Health Services Cost Review Council, Economic Development Action Leader for the Hampton Roads Urban League's Strategy 2000 project, Board Member of the Chesapeake Branch NAACP, member of Chesapeake Forward, Chairman of Chesapeake Public School's Business Education Partnership, a Deacon at Healing Temple United Pentecostal Church and several other organizations.
Ms. Lee Brazzell, Board Member
Lee Brazzell is President of Transformation Consulting, a firm specializing in organizational development, consulting and coaching. She has over twenty years of corporate, non-profit, and local government experience. She serves as adjunct professor for the University of Richmond Management Institute and is the former Executive Director of the Women's Resource Center at the University. She serves on the board of Leadership Metro Richmond, Multi-Cultural Commission for Chesterfield County, and as Vice President of the Byrd Theatre Foundation.
Ms. R. Fern Spencer, Board Member
Fern Spencer joined the New York Private Bank & Trust in March of 2008 as a Vice President and Chief Financial Officer, and currently serves as a Principal and the Chief Compliance Officer of HPM Partners LLC, a subsidiary of Emigrant Bancorp and an SEC-registered investment advisory firm with offices in Chicago, Cleveland, New York and Richmond.
Prior to that, she served for eleven years as the founding chief financial and investment officer of the Virginia College Savings Plan. Ms. Spencer was responsible for all accounting, program operations, budgeting, investment management oversight, and financial compliance and reporting functions.
Ms. Spencer’s 24-year career history with the Commonwealth of Virginia includes numerous accomplishments involving all aspects of accounting and budget management. While working for the Department of Accounts, Ms. Spencer is credited with having directed fiscal operations of the Department of Accounts, the Department of the State Internal Auditor, and the accounts payable functions for the Department of Planning and Budget and the Department of the Treasury. She has also supervised procurement for two state agencies; regulated and evaluated fixed assets and lease accounting for three state agencies; managed state internal policies and procedures for financial/accounting operations and other administrative areas; prepared detailed monthly budget and expenditure analysis, financial and addendum proposals, and detailed program operation expenditure plans; and managed the Department of Accounts public records unit.
Ms. Spencer holds the Bachelor of Science degree in accounting from the University of Virginia. She is certified by the Association of Government Accountants as a government financial manager.
Dr. Glenn DuBois, Board Member
Chancellor, Virginia Community College System
Dr. Glenn DuBois became Chancellor of the Virginia Community College System in July 2001. He acts as chief executive officer of a 23-college, 40-campus system of comprehensive community colleges located throughout the Commonwealth of Virginia. He had previously held the position of Commissioner and CEO of the New Hampshire Community Technical College System, with seven campuses, and was Director of Community Colleges for the State University of New York, one of the nation’s largest networks of community colleges. In addition, he has more than 10 years of teaching experience and chaired the department of criminal justice at North Shore Community College in Danvers, Massachusetts, where he developed numerous articulation agreements with four-year colleges and universities and received top college awards for teaching.
Dr. DuBois received his doctorate in higher education administration, research and policy from the University of Massachusetts. He holds a master’s degree in juvenile justice and criminology from Eastern Kentucky University, a bachelor’s degree in criminal justice from Florida Atlantic University and an associate of science degree in police science from the State University of New York in Farmingdale.
Ms. Manju Ganeriwala, Board Member
State Treasurer
Ms. Ganeriwala was appointed State Treasurer on January 1, 2009. Prior to her appointment, she served as the Deputy Secretary of Finance from 2006 to 2009. She has served as an advisor to the Governor on all financial matters of the state, including crafting the budget, developing revenue forecasts, issuing debt, maintaining the AAA bond rating and maintaining Virginia's status as one of the best financially managed states. She previously served as Deputy Director for Finance and Administration in the Department of Medical Assistance Services from June 2000 to January 2006.
Ms. Amy Nisenson, Board Member
Amy Nisenson assumed the role of Executive Director of The Mary Morton Parsons Foundation in May 2009. The mission of the MMP Foundation is to provide financial support principally for capital projects for organizations in the Commonwealth of Virginia exempt from taxation under the Internal Revenue Code. As Executive Director, Amy is responsible for the day to day operations of the $85 million foundation and the due diligence and allocation of $3-4 million in grants annually. In addition to her role as Executive Director of the Foundation, Amy works with small and emerging nonprofits in the Richmond community in a consultant role, assisting with grant research, grant writing, board development, and other functions associated with sustaining a nonprofit. Amy also teaches classes at the University of Richmond in the Institute on Philanthropy, Tidewater Community College Academy for Nonprofit Excellence, Virginia Commonwealth University Nonprofit Learning Point, Network Williamsburg, and Volunteer Hampton Roads.
Prior to her position at The Mary Morton Parsons Foundation, Amy served as Vice President and Community Affairs Manager for Wachovia Corporation from 2005 to 2008. As Community Affairs Manager, she was responsible for implementing Wachovia’s community affairs programs, including the evaluation of corporate contribution requests, Best practices contributions management, and strategic community planning for the Central and Eastern Virginia Regions. Previously, Amy had responsibility for the 3-state Mid-Atlantic Region of Virginia, Maryland, and Washington, DC. In addition, Amy was responsible for providing leadership infrastructure, including management advisor and chapter leadership for WachoviaVolunteer! Chapters in primary markets, which encourage and support employees for community service work.
Prior to her work in grantmaking, Amy was the Special Projects Manager and Director of the Virginia College Dream Foundation, where she helped develop and manage the Agency’s Employer Sponsorship program, which marketing Virginia’s 529 College Savings Plans to private employers throughout the Commonwealth. In addition, Amy managed the activities of a not-for-profit foundation dedicated to providing at-risk children with scholarships for college.
Amy is a graduate of the University of Virginia and has been honored by the Richmond YWCA as one of the 10 Outstanding Women of the Year in Volunteerism. She is a graduate of the 2001 class of Leadership Metro Richmond and the 2006 class of Lead Virginia. Amy currently serves on many local, statewide, and national nonprofit boards including: The United Way of Greater Richmond and Petersburg, Leadership Metro Richmond, the Partnership for NonProfit Excellence, the Virginia Network of NonProfit Organizations (VANNO) and Jewish Women International. Amy is married and has 2 children.
Mr. Mark Steppel, Board Member
Bio pending
Mr. David A. Von Moll, Board Member State Comptroller
As State Comptroller, David directs the operations of the Virginia Department of Accounts, which develops and implements statewide financial management and internal control policies and operates the state’s central financial management systems including accounting, payroll, fixed asset and disbursements. His office also prepares Virginia’s Comprehensive Annual Financial Report and other statewide financial management and compliance reports, implements internal control and agency oversight programs to ensure conformance with GAAP and statewide risk management and internal control policies. Mr. Von Moll has served in various positions in the Department of Accounts over the past 22 years including State Payroll Operations Manager and Manager of Disbursements Review and Assistance and prior to that 8 years in compliance auditing with the Virginia Department of Taxation.
Mr. Von Moll holds a Bachelor's Degree in accounting from Old Dominion University and a Master's Degree in Business Administration from Virginia Commonwealth University. He is a CPA, a member of the American Institute of Certified Public Accountants (AICPA) and is a Certified Government Financial Manager (CGFM). As State Comptroller, Mr. Von Moll serves on numerous boards in addition to the Virginia College Savings Plan including the Treasury Board, the Virginia Public Building Authority, and the Virginia College Building Authority.
Mr. John Whitlock, Board Member
John D. Whitlock is President and CEO of the Whitlock Group, a systems engineering and integration firm focused on presentation systems, television, video-production, videoconferencing and audiovisual technologies. The company represents over 400 product lines, including Sony, JVC, Panasonic, Toshiba, NEC and Philips. Headquartered in Richmond, VA, The Whitlock Group has expanded to include offices throughout the United States.
The Whitlock Group has been consistently recognized for customer service, fast growth and financial success. Mr. Whitlock supports many charitable and civic organizations and ministries and has spoken on Entrepreneurship at local schools and civic and business organizations. He and his wife, Margaret have five children and reside in Richmond.
Andrew Fogarty,
Interim Director
State Council of Higher Education for Virginia
Andrew Fogarty was appointed SCHEV's Interim Executive Director on August 9, 2010. Reporting to the State Council of Higher Education, Andy's responsibilities include system wide strategic planning, higher education budget recommendations, and policy development and implementation related to finance, academic affairs and institutional research. He serves as the senior staff member relating to Virginia's 15 public colleges, 24 two-year colleges and 100 + private and out-of-state institutions operating in the Commonwealth.
Dr. Fogarty began his public service in Virginia as Staff Director of the House Appropriations Committee. He subsequently served three Governor's as Deputy Secretary of Finance and Administration, Secretary of Transportation and Public Safety, Secretary of Administration and Chief of Staff under former Governor Gerald Baliles. He also served as Vice President of Finance and Administration at the College of William and Mary.
Dr. Fogarty most recently served as Special Assistant to the Chairman of CSX Corporation, one of the nation's leading multi-modal transportation companies. Prior to that he held numerous positions at CSX including President of CSX World Terminals, Senior Vice President and CFO of Sea-Land Service, Inc., and Executive Vice President of Corporate Services.
Dr. Fogarty earned a B.A. degree from Hofstra University, an M.P.A. from the Rockefeller College of Public Affairs, S.U.N.Y., and a Ph.D. in public administration from Florida State University. He is a fellow of the National Academy of Public Administration and has taught public financial administration and policy analysis as an adjunct faculty member at George Mason University, Virginia Commonwealth University, and the College of William and Mary.
Mary G. Morris is the Chief Executive Officer of the Virginia College Savings Plan, the independent state agency that sponsors and administers Virginia’s four 529 programs – the Virginia Prepaid Education ProgramSM (VPEP), the Virginia Education Savings TrustSM (VEST), CollegeAmerica® and CollegeWealth®, each of which offers a different solution to assist families in saving for higher education in a tax-advantaged environment. Ms. Morris directs and manages the operations, resources and investments of the Plan, which is the largest 529 college savings plan in the country with over 2.0 million accounts and assets under management of $28.5 billion as of December 31, 2009. In addition, Morris is involved in state and federal legislative and governance issues relating to the 529 industry.
A former Treasurer of Virginia and Senior Assistant Attorney General, Morris came to the Virginia College Savings Plan from the national law firm of Kaplan Fox & Kilsheimer LLP (Kaplan Fox). As a tax, securities and bond expert, Morris was a member of the firm’s Institutional Investor Client Services Group has extensive knowledge of public financing issues and public service experience to expand the law firm’s practice to state and local pension funds and other institutional investors. Her prior work included securities litigation and focused on corporate governance initiatives and standards.
Prior to joining Kaplan Fox in 2002, Morris served a term as Treasurer of Virginia, appointed by Gov. Jim Gilmore in 1999. As State Treasurer, Morris was the chief executive of the Department of the Treasury, which serves as the Commonwealth's chief cash and debt manager and manages the concentration, investment, and disbursement of all State funds. She was responsible for the investment of the Commonwealth’s General Fund and the issuance and management of all Commonwealth debt. She served as Chairman of the Commonwealth Treasury Board and served as a board member of the Virginia College Savings Plan, the Virginia Public Building Authority, the Virginia Public School Authority, the Virginia College Building Authority and the Debt Capacity Advisory Committee.
From 1994-98, Morris served as the Senior Assistant Attorney General for Finance and Tax in the Office of the Attorney General. In that capacity she was primarily responsible for the legal work for 16 client agencies, boards and authorities including the Office of the Secretary of Finance, Department of the Treasury, Department of Taxation, Virginia Retirement System and Higher Education Tuition Trust Fund (now Virginia College Savings Plan). While serving in the Office of the Attorney General, she was lead counsel for all Commonwealth tax litigation with issues including corporate income tax, state and local tax and individual income tax.
Education and Memberships
Juris Doctor and Master of Law and Taxation, Marshall-Wythe School of Law at the College of William and Mary
Member, College Savings Plans Network (CSPN) Executive Board; Co-Chair, Federal Initiatives Task Force
Member, National Association of State Treasurers (NAST); CSPN Liaison to NAST Legislative Committee
Member, College Savings Foundation (CSF) Board; Chair, CSF Data Committee
Member, Virginia State Bar
Upcoming Meetings
The Investment Advisory Committee of the Board of the Virginia College Savings Plan is scheduled to meet on the following date in July:
Wednesday, July 14, 2010 at 8:30 a.m.
The meeting will be held in the Board Room at the Virginia College Savings
Plan’s office at 9001 Arboretum Parkway, Richmond, Va. 23236. Public comment will be
accepted at the beginning of the meeting.
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The Audit and Actuarial Committee of the Board of the Virginia College Savings
Plan is scheduled to meet on the following date in August:
Thursday, August 12, 2010 at 9:00 a.m.
The meeting will be held in the Board Room at the Virginia College
Savings Plan’s office at 9001 Arboretum Parkway, Richmond, Va. 23236. Public
comment will be accepted at the beginning of the meeting.
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The Investment Advisory Committee of the Board of the Virginia College Savings Plan is scheduled to meet on the following date in August:
Wednesday, August 25, 2010 at 8:30 a.m.
The meeting will be held in the Board Room at the Virginia College Savings
Plan’s office at 9001 Arboretum Parkway, Richmond, Va. 23236. Public comment will be
accepted at the beginning of the meeting.
****
The Board of the Virginia College Savings Plan is scheduled to
meet on the following date in August:
Thursday, August 26, 2010 at 9:00 a.m.
The meeting will be held in the Board Room at the Virginia College Savings Plan’s
office at 9001 Arboretum Parkway, Richmond, Va. 23236. Public comment will be
accepted at the beginning of the meeting.
