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AFMDA Names David M. Frankel CEO; Catherine Reed Tapped as CDO

Posted By : Erik Levis January 25, 2016

attends AFMDA Red Star Gala at The Grand Hyatt New York on December 2, 2015 in New York City.The Board of Directors of American Friends of Magen David Adom (AFMDA) has unanimously appointed David M. Frankel chief executive officer. And in his first major move, Frankel has tapped Catherine Reed as chief development officer.

“David Frankel brings an extraordinary history of leadership, unsurpassed financial expertise, and a passion for Jewish philanthropy,” says AFMDA National Chairman Mark D. Lebow. “He has already begun to set the pace with ambitious fundraising goals that will not only sustain, but build upon, Magen David Adom’s lifesaving work for all Israelis.”

Frankel, who has served as AFMDA’s interim CEO since October, was commissioner of the New York City Department of Finance from 2009 to 2013. More recently, he was executive director and chief executive officer of the Metropolitan Council on Jewish Poverty. Frankel takes over for Arnold Gerson, who left the organization in October.

Magen David Adom (MDA), Israel’s national ambulance, blood-services, and disaster-relief organization, is a pillar of Israeli society whose mission is to save lives. MDA also operates Israel’s national blood supply, providing 97 percent of civilian blood and 100 percent of the blood for the Israel Defense Forces. While government-mandated to provide these essential services, MDA is not government-funded.

AFMDA is a partner in the vital work MDA does every day for Israel’s 8.5 million people by funding a wide variety of emergency vehicles, a new national blood center, critically-needed medical supplies, and rigorous EMT training. AFMDA is among the fastest-growing organizations in Jewish nonprofit, experiencing a 200% increase in fundraising revenue since 2011.

“MDA relies heavily on American donors to support its operations,” says Frankel, who will be based out of AFMDA’s headquarters in Manhattan. “Now, at a time when nearly every day brings a new and sometimes deadly terrorist attack, one of my most urgent priorities at hand is to bolster the Jewish American community’s commitment to saving lives in Israel. It is a tremendous responsibility — and a tremendous opportunity.”

As commissioner of the New York City Department of Finance under Mayor Michael R. Bloomberg, Frankel focused the agency on exemplary service, accountability for measurable results, and the highest standard of conduct. In 2013, he was appointed executive director and chief executive officer of the Metropolitan Council on Jewish Poverty. He was managing director at Morgan Stanley from 2004 to 2009, and head of global operations for the AIG Trading Group from 1992 to 2004. He also served as deputy commissioner of New York City Housing and Preservation (1990–1991) and as special counsel to the commissioner for the Department of Correction (1988–1990). From 1978 to 1988, he practiced law at two New York firms. Frankel holds a J.D. from Columbia Law School and a B.A. in history from Tufts University.

Catherine Reed photoIn his first move as CEO, Frankel has appointed Catherine Reed as chief development officer. Reed comes to AFMDA from New York’s 92nd Street Y, where she was director of development for the last five years. In her new position, she will oversee all fundraising efforts from AFMDA’s offices in New York. Previously, Reed spent 15 years at Hadassah, where she eventually served as national director of development from 2003 to 2007. Reed has a B.A. from the University of Houston, a masters in the politics and economics of Russia and Eastern Europe from Harvard, and an MBA from NYU’s Stern School of Business.

“Having family in Israel, I’m intimately aware of MDA’s critical role as one of the country’s most important national organizations,” she says. “These incredible paramedics and EMTs deal with life-and-death matters 24 hours a day, so it’s my mission to match their passion and energy by growing our abilities to provide them with the resources they need.”

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