Bold & Innovative Solutions

To the World's toughest problems


Ron D. Cordes

Ron D. Cordes has enjoyed 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 Mc-Graw Hill, and was an Ernst & Young Entrepreneur of the Year. Since co-founding the Cordes Foundation in 2006, 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.

Steph Cordes

Steph Cordes joined her family foundation as Vice Chair after transitioning out of a career in publishing at Self Magazine within the Conde Nast group. Steph currently leads the Foundation’s philanthropic and investment portfolio in women and girls empowerment, specifically looking at market-based innovations in sustainable supply chain, ethical fashion, and women’s entrepreneurship generally. She also spends a large amount of time focusing on the Foundation’s work in millennial engagement. Steph serves as a member of the Foundation’s investment committee and co-directs its impact investing strategy by leveraging catalytic capital to sustainable enterprises at the bottom of the pyramid. A long time fashionista, she has additionally held various positions in the fashion industry, including Allure magazine and conscious luxury brands such as Alberta Ferretti and Maiyet.

Marty Cordes

Marty Cordes is Co-Founder of the Cordes Foundation, which she created with her husband, Ron, in 2006. She directs the activities of the Foundation focused on global human rights and empowering women and girls, including initiatives in education, health care and job training. She also serves on the Boards of Ripple Effect Images, Grameen PrimaCare and Freedom From Hunger. Previously, she enjoyed a career in the banking industry and served in several volunteer leadership capacities with social service organizations in the San Francisco Bay Area.

Eric Stephenson

Eric Stephenson is the Portfolio Director at the Cordes Foundation. He works to advance the Foundation’s impact investing, philanthropic and field building work around women’s empowerment and poverty alleviation. Prior to joining the Cordes Foundation, Eric served on the Fund Investments Team at Hamilton Lane and Global Leasing Group at Xerox. Eric earned his B.B.A. in finance from Temple University in Philadelphia, PA and his M.A. from the University of the Pacific where he focused on finance in education and social entrepreneurship. He is an alumni mentor for Sponsors for Educational Opportunity (SEO), a New York based non-profit focused on educational and career programs for underserved and underrepresented communities.


Tim Freundlich

Tim is a long-time innovator in new financial instruments in the social enterprise sector, which he now applies as the Head of ImpactAssets. He has served in a number of capacities at Calvert Foundation, including his current role as special consultant. While there, he conceived of and launched the Giving Fund-the impact investment-based donor advised fund. He was also instrumental in building the $225 million Calvert Community Investment Note with more than $750 million invested into 300-plus nonprofits and for profits globally. He also helped to launch Community Investment Partners, an analysis and asset administration business for community development and social enterprise investment. He co-founded and serves as Managing Partner for Good Capital that, in addition to its flagship Social Enterprise Expansion Fund LP, has two operating spin outs. These include the 2,000 person annual Social Capital Markets (SOCAP) conferences in San Francisco and Europe; and Impact Hub, a co-working, meeting and community space serving approximately 1000 social innovators. Additionally, he serves on the steering committee of Hub North America. He received a BA from Wesleyan University and an MBA from the University of San Francisco. Tim and his wife, Julie, live in San Francisco with their sons, Milo and Gus.

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.

Beth Stelluto

Beth is Cheif 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.

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 proviced 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.