Phyllis R. Caldwell, Vice Chair

Phyllis Caldwell is an independent advisor, corporate director, impact investor, and former banker. She currently serves on the boards of JBG SMITH Properties, OneMain Financial, and Chemonics International. From 2015-2024 she was on the board of the Onity Group, a leading mortgage finance company, serving as non-executive chair from 2016-2023.

Phyllis brings over 30 years of experience in housing and community development finance in the corporate, government, and nonprofit sectors. She served at the U.S. Department of Treasury under President Barack Obama, where her team implemented foreclosure prevention initiatives in response to the 2008 financial crisis. Previously, Phyllis was president and CEO of the Washington Area Women’s Foundation. She retired in 2008 from Bank of America, where she held various executive roles including president of community development banking.

Over the course of her career, Phyllis has served on several corporate and nonprofit boards including City First Bank of DC, Low Income Investment Fund (LIIF), Local Initiatives Support Corporation (LISC), and Center for International Forestry Research in Bogor, Indonesia.

Phyllis received her MBA from the Robert H. Smith School of Business at the University of Maryland, College Park, and was an executive-in-residence at the Smith School from 2019-2024. She holds a bachelor’s degree in sociology and urban planning, also from the University of Maryland, College Park.