Dr. Duane Carter has spent a career at the crossroads of finance and diversity, equity, and inclusion. He’s advocating for change in the investment industry.

Duane has served on the Foundation’s board for nearly five years. His unique insight as the first-ever Black senior VP at the Federal Reserve Bank of Minneapolis has lent wisdom to our funding for more equitable economies for Native Americans, people of color, immigrants and refugees, and people in rural areas.

Our president and CEO, Kevin Walker, had the good fortune this fall to interview Duane about the impact of race on his life and how it informs his pursuit of equity.

“We believe that people that manage our money should reflect the communities that we serve.”

Dr. Duane Carter

As our investment committee chair, Duane is also speaking out to the investment community to advance further and faster on equity. He recently sat for an interview with the news site Finance & Commerce and voiced how the Foundation is considering its investments, alongside its grantmaking, as a means for change.

“With this social and racial reckoning that we’re seeing, instead of pulling back, our foot is on the accelerator,” Duane says. He goes on to say, “We believe that people that manage our money should reflect the communities that we serve.”