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After three decades of service, Carrie Jo Short reflects on the people, partnerships and purpose that defined her time at the Foundation.

Carrie Jo Short
Carrie Jo Short

By Chris M. Garner, Communications Specialist

Ask anyone at the Saint Paul & Minnesota Foundation about Carrie Jo Short, and you’ll get the same answer: “She makes the world a better place.”

Carrie Jo has spent more than 30 years growing alongside the Saint Paul & Minnesota Foundation, contributing to how we serve, support and invest in the community. She has been a part of both the Community Impact team and the Investments team, holding roles such as:

As she prepares for retirement, we had the opportunity to sit down with her and ask a few questions about her commitment to community, her time at the Foundation, the legacy she hopes to leave and what she will miss most as she prepares for retirement.

What is it about the Foundation that has kept you here for so many years?

Every day, I’ve had the privilege of working alongside people who share a deep commitment to making Minnesota stronger, healthier and more equitable.

You’ve been a part of a lot of initiatives and programs at the Foundation. What are some of the ones that stand out most?

One of the things I’ve valued most is the ability to go deep into work I care about.

Over the years, I’ve played key roles in collaborative initiatives such as the Central Corridor Funders Collaborative and the National Community Foundations of the Mississippi River Network. During the pandemic, I worked with Foundation leadership and the Minnesota Council on Foundations to help aggregate and distribute resources statewide through the Minnesota Disaster Recovery Fund.

I also had the privilege of working closely with former CEO Paul Verret and advisor John Westrom to honor the legacy of Katherine B. Andersen through the Katherine B. Andersen Fund.

More recently, I worked with the F. R. Bigelow Foundation board to explore and ultimately embrace impact investing, including the creation of a concessionary investment fund and a commitment to dedicate 10% of Foundation assets to a market-rate, mission-aligned investment portfolio.

What is it about your current role that made it the right way to close out this chapter of your career?

As a person with a Master of Business Administration (MBA) on the grants team, I had the unique opportunity to work at the intersection of money and community. I led grantmaking in economics, business and community development while also overseeing concessionary lending efforts. Using grantmaking and investing together opened my eyes to what’s possible when philanthropy deploys more of its assets locally.

In 2016, I participated in a national learning cohort of community foundation leaders exploring ways to move foundation assets from Wall Street to Main Street through place-based impact investing. That experience was both inspiring and transformative.

The breadth of my experiences at the Foundation has ultimately led me to what I consider my capstone project. For the Foundation to embrace impact investing, it requires vision, courage and leadership willing to take bold action. I’m grateful to have been in the right place at the right time to help turn the bold vision of the Foundation’s leadership into reality through the launch of two new impact investing portfolios.

“Every day, I’ve had the privilege of working alongside people who share a deep commitment to making Minnesota stronger, healthier and more equitable.

Carrie Jo Short

Our new portfolios expand the ways charitable institutions, nonprofits and donor advised fundholders can align their charitable capital with community priorities. Why is that important?

Through the Future Ready Portfolio and the Momentum Minnesota Portfolio, we are partnering with values-aligned donors, investors and organizations that recognize the power of pooling resources and investing locally. By directing institutional capital into Minnesota communities, we can fuel innovation, strengthen nonprofits, support mission-driven businesses and create opportunities that might not otherwise exist.

What difference do you hope this work will make?

Our goal is to deploy $100 million into Minnesota-based nonprofit and business solutions through the lens of the Social Determinants of Health. This includes education access and quality; health care access and quality; neighborhood and built environment; social and community context and economic stability.

Place matters. We are committed to ensuring that the benefits of these investments remain in Minnesota and create lasting value for the people who live here.

You’re retiring from the Foundation, but it doesn’t sound like you’re slowing down. What’s next?

I’m someone who needs purpose and meaning in my daily life, and I’ve been fortunate that my professional career has provided both for more than three decades. In retirement, I’m looking forward to spending more time at my family cabin up north.

I’ve also been working with my rescue dog, Archer, on earning his therapy dog certification. My mother lived with memory loss, and one of the highlights of her time in memory care was visits from therapy animals. I’d love for Archer and me to bring that same joy and comfort to others.

I also plan to spend more time perfecting my sourdough bread — hopefully improving both the crumb and oven-spring (the rise you get in the oven) — and I’m literally taking up the torch again by reopening my silversmithing studio.

“While I’m proud of the work we’ve accomplished together, it’s the people I’ll miss most.

Carrie Jo Short

What legacy do you hope to leave at the Foundation?

I believe this impact investing work will fundamentally change how the Foundation and our partners show up in community. It allows us to do better, think smarter and achieve more with the resources entrusted to us. If this work helps create a future where charitable capital is deployed more creatively, effectively and boldly in service of community, that’s a legacy I’m proud to leave behind.

While I’m proud of the work we’ve accomplished together, it’s the people I’ll miss most.

Carrie Jo's departure marks the end of an era and the beginning of a legacy that will continue to shape how the Foundation deploys capital in service of community for years to come. We are grateful for everything she has given, and we wish her every joy in the chapters ahead.

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