Portland, OR – The Lemelson Foundation, the world’s leading foundation solely focused on improving lives through invention through social, environmental and economic impact, has hired Brian Doran to serve as Chief Financial and Administrative Officer (CFAO). The CFAO plays a key role driving the Foundation’s overall success toward achieving its mission to support the next generation of impact inventors and strengthen the invention entrepreneurship ecosystem in both the US and developing countries.
“We are thrilled to welcome Brian Doran to The Lemelson Foundation,” said Executive Director Carol Dahl. “His extensive experience in both high growth technology companies and the nonprofit sector gives him a unique perspective for contributing to the management of the Foundation’s business systems and investment strategies.”
Doran has worked in or traveled to more than 25 countries across six continents. He comes to The Lemelson Foundation from Travel Portland, where he served as Chief Financial Officer (CFO) for the last seven years. A nonprofit organization, Travel Portland generates travel demand that drives economic impact for the city. In his role of CFO, Doran was responsible for all of Travel Portland’s financial actions as well as its human resources and information technology. Prior to that, Doran led financial operations at multiple startup companies dedicated to inventing, patenting, creating, and developing new technologies.
In the CFAO role, Doran will oversee the Foundation’s financial operations, administrative operations, information technology (IT) and program-related investments (PRIs), as well as actively participating in the Foundation’s planning, management, strategic planning, strategy implementation and external relationship management. He will help oversee the Foundation’s assets of $370 million and annual budget of approximately $20 million, which includes a diverse portfolio of domestic and international grants.
Doran holds an M.B.A. from Duke University’s Fuqua School of Business and a B.A. in Economics from The Wharton School of the University of Pennsylvania.
About The Lemelson Foundation
Based in Portland, The Lemelson Foundation uses the power of invention to improve lives. Inspired by the belief that invention can solve many of the biggest economic and social challenges of our time, the Foundation helps the next generation of inventors and invention-based businesses to flourish. The Lemelson Foundation was established in the early 1990s by prolific inventor Jerome Lemelson and his wife Dorothy. To date the Foundation has made grants totaling more than $270 million in support of its mission. For more information, visit http://www.lemelson.org.