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Development Associate

ICA Fund
California, United States
$60,000.00 - $70,000.00
Closing date
Mar 23, 2024

ICA Fund is actively seeking a proactive and organized full-time Development Associate to play a crucial role in supporting ICA’s fundraising pipeline. This position involves coordinating efforts across various departments to ensure the delivery of high-quality grant-related materials that align with our mission to accelerate great businesses in order to close the racial and gender wealth gaps. The Development Associate will report to the ICA’s Director of Development and work collaboratively across the Direct Services, Investment, Marketing, Finance, and Impact Evaluation departments to support writing and reporting on grants to ICA. The position is based in Oakland, CA with a hybrid work model (in-office Tuesdays and Thursdays) and remote work.



People of color, especially women of color, start businesses at higher rates — but are constrained by structural inequities and are often overlooked by mainstream funders. Through ICAs coaching, connections, and capital we partner with, mentor, and invest in underestimated Bay Area entrepreneurs to accelerate great businesses and build an economy that works for all.

ICA is a Venture Capital Community Development Financial Institution (CDFI) committed to closing the racial and gender wealth gaps and addressing structural inequities faced by entrepreneurs of color and women. With a 28-year track record, our tailored accelerator programs and strategic investments support underestimated Bay Area entrepreneurs because we believe in the transformative power of small businesses and foster an inclusive culture that promotes collaboration and mutual respect. Joining our team is an opportunity to contribute directly to our mission, accelerating entrepreneurs of color and women. You’ll play a crucial role in advancing our work and witness the daily impact of our support on local economies. Operating as a lean startup, we challenge traditional financing models, emphasizing racial equity and prioritizing good jobs within ICA.



The Development Associate plays an essential role in securing philanthropic contributions to support ICA’s programs and operations. Reporting directly to the Director of Development, and collaborating with the CEO and other internal stakeholders, the Associate will support a growing portfolio of 40+ individual donors and institutional funders. Responsibilities include coordinating complex projects, creating compelling content for grant proposals and reports, and supporting relationship stewardship efforts with funders and their staff. The Associate ensures timely and accurate management of grants and donations, including tracking donor information and status, reporting, recognition, and acknowledgment activities. The Associate will  also contribute to ICA’s fundraising strategy by maintaining donor profiles in our databases (e.g. Salesforce) and organizing outreach events in partnership with ICA’s Marketing team.

 Fundraising Pipeline Management (50%)

  • Support the management of a portfolio of 70+ institutional funders and prospects (majority foundations and corporations), with a focus of donor cycle management (e.g., tracking lead status and next steps).
  • Conduct prospect research to diversify and grow ICA’s pipeline of funders.
  • Maintain donor and grant databases and files, including maintaining contacts and tracking donations, due dates, and status of grant pipeline.
  • Schedule and prepare for funder meetings, helping to maintain ICA’s relationships with current donors.
  • Support donor engagement and stewardship efforts, including managing gifts processing, donor acknowledgment, and routine correspondence with donors through emails, meetings, and other outreach events (e.g. Annual Community Showcase).

Development Operations (50%)

  • Manage, report on, and ensure timely follow up on funder-related tasks, deliverables, and timelines.
  • Draft grant proposals and reports, including collaborating with ICA’s Direct Services, Investment, and Impact Evaluation teams to gather and integrate new research, data, and stories to match funders’ needs and interests.
  • Collaborate with other ICA departments to ensure successful deliverables.
    • With Impact team, manage impact data and report on key metrics to funders, including conducting additional data analysis as needed.
    • With Finance team, create and track budget proposals and reports.
    • With Marketing team, support development of blog posts, annual Impact Report, social media posts, events, and other content. The Associate will also be expected to collaborate with the Marketing team on creating and deploying our events strategy.
  • Additional development projects and tasks, as needed, including supporting preparation for ICA’s Board Meetings and ICA’s Annual Community Showcase.


  • You are a skilled collaborator and team player who wants to help build racial equity and an economy that works for all.
  • You pride yourself on your project management skills, being able to track complex projects with many moving parts and multiple stakeholders.
  • You have strong communication skills and are able to write and edit content with clear, structured, and persuasive narratives. You use data to create strategic and compelling arguments.
  • You are a natural relationship-builder and have a strong customer-centric orientation to external investors and funders and internal colleagues.
  • You thrive in a culture that prioritizes diversity, and values honesty, integrity, and authenticity.


  • At least 2 years fundraising experience
  • Strong ability to conduct research, gather data, analyze information, and prepare reports and other materials for external audiences (such as funders) and internal audiences (such as team leaders).
  • Strong project management and detail orientation. Able to work independently and cross-functionally. Successfully manages multiple projects with competing deadlines, anticipates obstacles, and gains buy-in from stakeholders.
  • Strong storytelling, presentation, and communication skills.
  • Enthusiasm for ICA’s mission and values. Strong commitment to racial justice work.
  • Knowledge of philanthropic landscape for racial and gender justice, capacity building, and/or community development.
  • Knowledge of CDFIs, impact investing, venture capital, and/or small business finance.


The annual base salary range for this position is $60,000 to $70,000 dependent upon background and experience. Compensation also includes a discretionary bonus paid annually based on organization and individual performance.

ICA’s full benefits package includes: 13 paid holidays per year; 3 weeks of annual paid vacation; 10 days of annual paid sick leave; at least 3 employer-identified mental health days; employer-paid health, dental, vision, life insurance and disability benefits; 50% employer-paid dependent health; employer-paid mental health counseling; 24-hour online virtual healthcare; 401(k) plan with matching; and mobile phone / Internet reimbursement.

ICA is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, age, and other legally protected characteristics.  


People are key to our success, and we’d like to get to know you. Depending on your progress through our hiring process, you may go through the following steps: A round of panel interviews; review of work samples; completion of an exercise or case study; and reference-checking of previous supervisors and colleagues.


Please submit both a resume and a very brief cover letter (combined into one PDF or Word document) by March 6, 2024 by clicking on the Apply button of this page:

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