Our Team

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Ron D. Cordes

Co-Founder
Ron D. Cordes

Ron Cordes has enjoyed a 30+ year career in the investment industry. He was a co-founder and CEO of AssetMark, a leading U.S. managed account platform with $30+ billion of AUM, co-authored “The Art of Investing” published by McGraw Hill, and was an Ernst & Young Entrepreneur of the Year. Since co-founding the Cordes Foundation in 2006 with his wife, Marty, Ron has focused on impact investing and social entrepreneurship and currently serves on the Boards of MicroVest, ImpactAssets, Fair Trade USA and the Center for Social Impact Learning at the Middlebury Institute. His work in this area has been profiled in an array of publications including the New York Times, Barron’s, FastCompany, Forbes and FORTUNE.

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Marty Cordes

Co-Founder
Marty Cordes

Marty Cordes is Co-Founder of the Cordes Foundation, which she created with her husband, Ron, in 2006. She directs the Foundation’s work towards its mission to globally elevate the role of women, including initiatives in education, human rights and job training. Marty also serves on the board of Nest, an organization focused on the social and economic advancement of global artisans and homeworkers through supply chain transparency and sustainable business development. Previously, Marty enjoyed a career in the banking industry and served in several volunteer leadership capacities with social service organizations in the San Francisco Bay Area.

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Steph Cordes

Vice Chair
Steph Cordes

Steph Cordes is Vice Chair of the Cordes Foundation, working to advance the Foundation’s ethical fashion and sustainable supply chain initiatives. Prior to joining the Foundation, Steph held positions at Conde Nast and luxury fashion brands Alberta Ferretti and Maiyet. She serves on the Board of Directors for Indego Africa, an innovative social enterprise that lifts artisans and their families out of poverty, and the Advisory Board for Soko, a Kenyan-based ethical fashion brand. Steph is an active member of the Milken Institute Young Leaders Circle and the Nexus Impact Investing Steering Committee and Ethical Fashion Lab.

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Eric Stephenson

Portfolio Director
Eric Stephenson

Eric Stephenson is the Portfolio Director at the Cordes Foundation, working to advance the Foundation’s impact investing and philanthropic initiatives. He was previously part of the fund investments team at Hamilton Lane and corporate finance team at Xerox. Eric serves on the investment committee for Align Impact, an independent impact advisory firm, and is an active alumnus and mentor for Sponsors for Educational Opportunity (SEO), which works to maximize educational and career opportunities for young people from underserved and underrepresented communities.

Board of Directors

Tim Freundlich

Tim is an innovator of financial instruments for impact investing. Over nearly the last 20 years, he served 12 at Calvert Foundation, helping to build the $250 million Calvert Community Investment Note ($1 billion cumulatively invested into hundreds of nonprofits and for profits globally). While there he conceived of and launched the prototype of the Giving Fund—now a $300+ million impact investment-based donor advised fund that was spun out as ImpactAssets in 2011, which he co-founded and serves as President. Additionally, he co-founded and serves on the management board of Good Capital, the General Partner of the Social Enterprise Expansion Fund LP, and has co-founded two social enterprises, the SOCAP Conferences and ImpactHUB SF, Berkeley, NYC and DC; co-working, collaboration and community spaces for more than 2,000 social entrepreneurs and part of a global network of 85 ImpactHUBs across five continents with 20,000 members. He received a B.A. from Wesleyan University with a major in Film, an Executive M.B.A. from the University of San Francisco and lives in San Francisco with his better half Julie, and sons, Milo and Gus.

Beth Stelluto

Beth is Chief Growth Officer of ImpactAssets and is responsible for leading business development, marketing and client experience for ImpactAssets. She brings more than 25 years of experience in financial services and has served as a volunteer and board member of several industry associations and non-profits. Prior to joining ImpactAssets, Beth was Chief Marketing Officer for NestWise, a firm offering personal financial advice to middle class Americans; Executive Vice President for LPL Financial where she led Product and Platform development. She spent nearly 17 years with Charles Schwab, where she held several executive positions in marketing, business line management and product development. She has also held investment management and sales positions with Goldman Sachs and Scudder. Beth has a BA in Economics from Middlebury College and an MBA from the Wharton School at the University of Pennsylvania. She serves as a mentor for Students Rising Above, a member of the Marketing Committee for East Meets West Foundation and Impact100, Sonoma. Beth lives in San Francisco where she enjoys hiking and other outdoor activities.

Gabe DiClerico

Gabe is currently Director of Operations at ImpactAssets. Formerly, Gabe was a Senior Auditor at Deloitte & Touche, serving Investment Management clients. He previously worked at St. Joseph’s Carpenter Society, a housing and community development organization in Camden, New Jersey, where he helped develop financial literacy education for future low and middle income homeowners and assisted with accounting and finance functions. Gabe holds a BS in Economics from the Wharton School at the University of Pennsylvania, with a triple Concentration in Management, Accounting, and Operations and Information Management. He is a Certified Public Accountant (CPA), licensed to practice in Pennsylvania, and is a member of the American Institute of Certified Public Accountants (AICPA) and Pennsylvania Institute of Certified Public Accountants (PICPA). He lives in Washington, DC with his wife and in his spare time is a volunteer coach for a grade school boys basketball team.

Jerry Hildebrand

Jerry is the Founding Director for the Center for Social Impact Learning at the Middlebury Institute of International Studies, which was launched in 2014 with seed funding from the Cordes Foundation. Previously, Jerry served for eight years as the Founding Director for the Global Center for Social Entrepreneurship at the University of the Pacific, for which the Foundation also served as a major funder. Jerry has been a member of the Foundation’s Board since its inception in 2006. Previously, Jerry was the CEO for 17 years of the Katalysis Partnership, a microfinance organization that provides training, technical assistance and credit to non-governmental microfinance institutions in Central America (Guatemala, Nicaragua, Honduras, El Salvador). The Katalysis Network of 22 MFIs provided microloans to over 275,000 clients (70% women; 97 % repayment). Prior to Katalysis, Jerry was the regional field director for International Voluntary Services, based on the island of Antigua, where he directed a socio- economic development program on ten newly independent island-nations in the Eastern Caribbean. His work in grassroots economic development started in Appalachia (West Virginia coal mining region) where he worked for 10 years to develop and direct the first rural Economic Development Corporation in the U.S. to finance community-based business enterprises in a chronically depressed region of the U.S.