Lincoln Institute Appoints New Chief Investment Officer and Board Members

The Lincoln Institute of Land Policy appointed William R. Goodell as its new chief investment officer, and named Carolina Barco, Raphael Bostic, and Karen P. Schaeffer to its board of directors. Goodell succeeds Kathryn Jo Lincoln, who served in the role since 1996 and will remain as board chair.

“Bill Goodell brings a breadth of experience unparalleled in the investment space,” said Kathryn Jo Lincoln. “Importantly, as a recent member of the board at the institute, he understands our culture and is committed to ensuring that it remains a vital aspect of the portfolio. I could not be more pleased that a person of his stature and integrity is my successor in this role.”

William R. Goodell was previously the principal at Powderhorn Advisory Services and served as the interim executive of the Robertson Scholars Leadership Program at the University of North Carolina at Chapel Hill and Duke University. Goodell has 25 years of experience in the hedge fund industry and has held senior positions at Tiger Management, Moore Capital, Maverick Capital, and Partner Fund Management. Previously, he practiced corporate finance law as a partner with King & Spalding. He served on the board of the Managed Funds Association for five years, including two years as chair. Goodell has served as a member of the supervisory board of directors of the Jaguar Fund N.V. and as a director of Crawford & Company and Max Re. He authored a chapter, “The Chief Operating Officer,” for the book The Insiders’ Guide to Hedge Funds. A graduate of Williams College and Washington and Lee University School of Law, he serves on the boards of the Boys & Girls Clubs of America and the Tiger Foundation. He is an emeritus trustee of Washington and Lee University and Oglethorpe University and previously served on the Lincoln Institute board of directors.

Carolina Barco has more than 30 years of leadership experience in senior public policy positions, including diplomatic service as Colombia’s foreign minister (2002–2006), ambassador to the United States (2006–2010), and ambassador to the Kingdom of Spain (2018–2020). Barco received a BA from Wellesley College, a master of city planning (MCP) from the Harvard University Graduate School of Design, and an MBA from the Instituto de Empresas in Madrid. She was a visiting scholar at the Massachusetts Institute of Technology (1990–1991). She also has spent more than 20 years in economic development and urban planning positions, primarily in Bogotá, where she was the director of the Department of City Planning. For eight years she was an advisor to the Sustainable Emerging Cities Initiative at the Inter-American Development Bank (IDB). She is a member of the international council of the IE University in Spain, a member of the board of the University of the Andes Foundation, and a member of the council of the Santa Fe de Bogotá University Hospital.

Raphael Bostic, PhD, is the 15th president and CEO of the Federal Reserve Bank of Atlanta. He is responsible for all the bank’s activities, including monetary policy, bank supervision and regulation, and payment services. In addition, he serves on the Federal Reserve’s chief monetary policy body, the Federal Open Market Committee. Previously, Bostic served in the Obama Administration as the assistant secretary for policy development and research at the US Department of Housing and Urban Development, leading a 150-person interdisciplinary team with his broad expertise in housing, community development, and economic development. For 16 years, he was on the faculty of the University of Southern California’s Price School of Public Policy. At USC Price, Bostic served in many capacities, including as the founding director of the Casden Real Estate Economics Forecast, the chair of the Governance, Management and Policy Process Department, and chair of USC’s Bedrosian Center on Governance. Bostic’s work has appeared in leading economic, public policy, and planning journals.

Karen P. Schaeffer, CFP,® is the managing member and cofounder of Schaeffer Financial LLC, a financial consulting firm in suburban Washington, DC.  She has been advising clients for over 40 years and has developed a diverse client base including professional women, foreign nationals, and federal government employees.  In addition to her financial planning practice, Karen is a popular lecturer and seminar leader.  She has spoken on global financial planning issues at many international conferences and has represented the CFP Board at Financial Planning Standards Board meetings around the world.  Karen has served as chair of the Financial Planning Standards Board, the global standard–setting body for certified financial planners outside the United States.  Karen has also served as chair for the CFP Board.  She is a past chair and current trustee of the board at the Academy of the Holy Cross.  She is also life director for the board of Montgomery Hospice.  She is a member and past national board member of the Financial Planning Association, and a member of the International Women’s Forum.  Karen received the Investment News Lifetime Achievement Award in 2018 and was named one of their Women to Watch in 2016. Karen received her bachelor’s degree from Grand Valley State University in Michigan.

“We are pleased that Carolina and Raphael are rejoining our board, as their experience and understanding of our work will enable them both to hit the ground running,” said Kathryn Jo Lincoln. “Likewise, the fresh eyes that Karen brings will provide a new view to our strategic vision and goals.”

The board of directors oversees the institute’s policies, work program, budget, and investments. In addition to the newly appointed members, the members of the board of directors include Thomas M. Becker, former president of the Chautauqua Institution; Jane L. Campbell, president and CEO of the US Capitol Historical Society; Peter Culp, managing partner at Culp & Kelly LLP; Nancy Gibbs, professor of practice and Lombard director at the Shorenstein Center on Media, Politics, and Public Policy at the Harvard Kennedy School of Government; Tzuchin Lin, professor in the land economics department at National Chengchi University; Bruce C. Lincoln, president of Innervizion Surf Company; John G. Lincoln III, former senior engineer at CH2M-Hill; Kathryn Jo Lincoln, board chair at the Lincoln Institute of Land Policy; George W. McCarthy, president and CEO of the Lincoln Institute of Land Policy; Constance Mitchell Ford, lecturer at the Philip Merrill College of Journalism at the University of Maryland; Thomas Nechyba, professor of economics and public policy studies at Duke University; Kevyn D. Orr, partner with Jones Day; Timothy Renjilian, senior managing director for FTI Consulting; and Scott Smith, former CEO of the Valley Metro Regional Public Transportation Authority and former mayor of Mesa, Arizona.

Image: Left to right, William Goodell, Carolina Barco, Raphael Bostic, and Karen Schaeffer. Credit: Courtesy photos.