Aisha Benson appointed to New York Fed’s Community Advisory Group
NEW YORK, NY (June 20, 2023) — The Federal Reserve Bank of New York today announced the appointment of Aisha Benson to the New York Fed’s Community Advisory Group, effective immediately.
The Community Advisory Group is comprised of leaders of nonprofits, community organizations, foundations, and anchor institutions. The primary goal of the Community Advisory Group is to provide the New York Fed, including President John C. Williams, with a real-time view of the economic issues faced by a diverse set of communities and individuals across the Second District. Ms. Benson’s appointment comes in advance of the Community Advisory Group’s next meeting on June 21, 2023.
Ms. Benson is president and CEO of Nonprofit Finance Fund, a community development financial institution (CDFI) that has invested more than $1.1 billion in loans and grants to community nonprofits since 1980. Previously, Ms. Benson was executive vice president and chief operating officer of TruFund Financial Services, a Black-led nonprofit community development fund. Earlier in her career, Ms. Benson held community development finance roles at Carver Federal Savings, Banco Popular, and JPMorgan Chase. Ms. Benson serves on the boards of the Opportunity Finance Network, the New York State CDFI Coalition, and the New Markets Tax Credit Coalition, where she is board president. Ms. Benson graduated from Columbia University with a psychology degree.
For more information on the Community Advisory Group, including a list of the full membership, visit this webpage.
About Federal Reserve Bank of New York
The Federal Reserve Act of 1913 requires each of the Reserve Banks to operate under the supervision of a board of directors. Each Reserve Bank has nine directors who represent the interests of their Reserve District and whose experience provides the Reserve Banks with a wider range of expertise that helps them fulfill their policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A Directors represent the member banks in the District; Class B Directors and Class C Directors represent the interests of the public. The directors of the Reserve Banks act as an important link between the Federal Reserve and the private sector, ensuring that the Fed's decisions on monetary policy are informed by actual economic conditions.
