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Terri Ludwig - Incoming President of Philanthropy

Starting in January 2019, Terri Ludwig will lead Ballmer Group’s philanthropic operations, directing resources and civic activism to improve economic mobility for children and families in the United States who are disproportionately likely to remain in poverty.

Terri has three decades of experience leading cross-sector solutions that tackle some of society’s toughest challenges. In her role as chief executive officer of Enterprise Community Partners, Terri has focused on improving communities and people’s lives nationwide by making well-designed homes affordable. By developing impact measures and scaling results, Terri has helped to ensure that Enterprise’s best programs, capital, and policy solutions reach the communities that need them most. Terri has grown Enterprise to a 1,200-person national organization with 11 regional offices and a presence in every state. Under her leadership, Enterprise’s impact has increased exponentially through the development of critical cross-sector partnerships, integrating housing services with health care, transit, education, and other efforts that can improve lives.

Prior to her tenure at Enterprise, Terri was President, CEO, and Chairman of Merrill Lynch Community Development Co., where she built and led the strategy for the company’s community reinvestment activities. Terri started her career at Merrill Lynch, and she has held leadership positions at Credit Suisse First Boston and the nonprofit Accion New York. Terri has shaped positive business and social outcomes on the executive and advisory boards of organizations like the New York City Energy Efficiency Corporation, National Community Stabilization Trust, Morgan Stanley, Goldman Sachs, and Bank of America. She was also a presidential appointee to the U.S. Department of the Treasury’s Advisory Board for Community Development Financial Institutions.

Terri was named to Forbes Magazine’s first-ever Impact 30 List of the world’s top social entrepreneurs, and she was awarded CEO of the Year by CR (Corporate Responsibility) Magazine. Terri holds a Bachelor of Science in industrial psychology from the University of Illinois Urbana-Champaign and a Master in Public Administration from Harvard University’s John F. Kennedy School of Government.

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