Margaret Hyde, director of the Esmee Fairbairn Foundation, has announced that she will step down in September after 11 years at the grant-making organisation.
At 59, she feels it is the right time to move on and spend more time outside the work environment, although she is planning to continue to contribute to the sector in a number of ways, including being a member of the Home Office Advisory Panel on Futurebuilders.
Hyde said that, during her tenure at the foundation, the organisation had grown from a "rather opaque" funder with minimum staff to do the job to one with professional teams working to allocate the grant-making budget of more than £27m. "Overall, I think my greatest achievement has been to work with the trustees, who have been open-minded about change and have, I hope, helped to make us a highly regarded, professional and innovative grant-maker," she said.
The foundation is advertising for her successor.