10/30/26
Welcome Catherine Toner to the FSWB Board of Directors
FSWB is pleased to announce the appointment of Catherine Toner to its Board of Directors.
Toner is Managing Director of Impact Investing at Gary Community Ventures, where she leads the organization’s impact investing and investment product structuring work. She is passionate about creating innovative investment solutions that produce sustainable, scalable impact, with a particular focus on ownership investing, housing finance, and child care.
At Gary Community Ventures, Toner’s work has included conceptualizing the tenant equity vehicle and helping guide the financing strategy for Proposition 123, the first successful ballot measure in the U.S. to create a statewide solution to the affordable housing crisis. She has also helped structure the Dearfield Fund, a down payment shared appreciation fund launched by Gary Ventures, Inc., and design statewide employee ownership policy.
Prior to joining Gary Community Ventures, Toner worked at BofA Securities in its Consumer & Retail Investment Banking group. She began her career at Arabella Advisors, where she helped establish and grow the firm’s impact investing practice.
Toner holds an MBA from Duke University’s Fuqua School of Business and a bachelor’s degree from Colgate University. She brings deep experience in impact investing, innovative finance, housing, and community-centered investment strategies to the FSWB Board.