January 06, 2012

Bush Foundation President Steps Down

Peter Hutchinson is leaving his job as the president of the Bush Foundation this month, the philanthropy said today.

Mr. Hutchinson led a revamp of the St. Paul foundation's giving after taking over in November 2007. He prompted the foundation to focus all its giving on three causes—leadership and community solutions, education, and Native Americans—and moved to making bigger, longer-term grants. In The Chronicle's most recent survey of large grant makers, the Bush Foundation reported $700-million in assets in 2010, with $25-million in grants awarded that year.

Jan Malcolm, chair of the board, will lead the foundation until a successor is named.