The Board of Trustees
The YMCA Retirement Fund is a non-profit membership corporation with participants, and the YMCAs that employ them as members. The Fund is governed by fourteen talented men and women who serve as trustees. Nine are YMCA volunteers and five are employed officers of a YMCA. Each has professional expertise in one or more of six areas: investment management, employee benefits, communications, technology, pension and tax law, and organizational strategy. Their professional expertise in various fields complements those of the Retirement Fund's management team. This partnership of volunteers and staff enhances the Fund's effectiveness immeasurably in providing both investment management and benefits management for YMCAs, their employees and retirees around the world.

Eric D. Mullins Mr. Mullins is Chairman of the Board of Trustees, the Executive Committee and the Strategic Planning Task Force. He also serves on the Officer Compensation, Governance and Investment Committees, and is ex-officio on all other committees. He is co-Chief Executive Officer of Lime Rock Resources in Houston. Prior to joining Lime Rock, he was a Managing Director with Goldman Sachs, where he spent 15 years primarily in its oil and gas investment banking group. Previously, Mr. Mullins played professional football with the Houston Oilers. He serves as Chairman of the board of directors of Inner City Visions, a community service non-profit organization, and he is a board member of Strake Jesuit College Preparatory High School located in Houston. He earned a BA from Stanford University and an MBA from the Wharton School. Mr. Mullins has been a trustee since 2002.

Reid S. Thebault Mr. Thebault is vice chairman of the Board of Trustees. He also serves on the Audit, Benefits & Operations, and Governance Committees and the Strategic Planning Task Force. He has been the president and CEO of the YMCA of Metropolitan Detroit since 1994. He has also served YMCAs in Dayton, Houston, Oklahoma City and St. Louis. He served a term as chairman of the North American Urban Group, concluding his term in April 2007. His post-graduate studies include the Executive MBA program at Pepperdine University, Houston Campus; South Texas College of Law, J.D. degree and he is a member of the Texas Bar. Mr. Thebault has been a trustee since 2002.

John A. Clymer Mr. Clymer is chairman of the Officer Compensation Committee and serves on the Executive, Audit and Investment Committees. He works in the Office of Strategy Management of the Marvin Companies. Formerly, he was a senior investment officer with U.S. Trust Company. He currently serves on the boards of Hudson Medical Center, Trustmark Mutual Holding Company, William H. Phipps Foundation and Marvin Companies. He earned a BS and an MBA from the University of Wisconsin. Mr. Clymer has been a trustee since 2001.

Richard A. Collato Mr. Collato serves on the Governance, Officer Compensation and Investment Committees. He is president and CEO of the YMCA of San Diego County and has over 43 years of YMCA experience. He serves on the boards of WD40 (WDFC), PepperBall Technologies (PBAL) and Project Design Consultants Engineering, and served on the board of SEMPRA Energy (SRE) from 1993 to 2010. In addition he is on the non profit Corporate Directors Forum board. He has a BBA from the College of Insurance (St. John's University) and an MBA in management from Pepperdine University. Mr. Collato has been a trustee since 1999.

Harold Davis Mr. Davis is chairman of the Benefits & Operations Committee and a member of the Executive Committee. He is the executive director emeritus of the City of Oakland Housing Authority. For 15 years, he was chairman of the Board of Directors for the Children's Hospital & Research Center at Oakland. He is a former member of the Berkeley, California YMCA Board and was the recipient of various awards from that association, including Volunteer of the Year on two occasions. Mr. Davis is a former president and member of the Board of Directors of the American Baptist Churches, USA. He is past vice president of the Ministers and Missionaries Retirement Board of the American Baptist Churches, USA. Formerly, he was a member of the Toastmasters International Board of Directors, president of the National Council of YMCAs, and chairman of the National Board of the YMCA of the USA. He earned a BA at Southern University, an MA at UC Berkeley, and an LLD from the American Baptist Seminary of the West, where he would later serve as chairman of the Board of Trustees. Mr. Davis has been a trustee since 1997.

Elizabeth T. Frank Ms. Frank is chairman of the Investment Committee and a member of the Executive and Officer Compensation Committees. She has over four decades' experience with investment management and finance, her most recent investment position being senior vice president, Lazard Freres Asset Management of New York. She is a trustee of the Charlotte W. Newcombe Foundation, and a member of the investment committees of the Charles Stewart Mott Foundation, the American Bible Society, and the Masters School. She recently served on the Board of Directors of the YMCA of Philadelphia and Vicinity. She has a BA in political science and history from Vassar College. Ms. Frank has been a trustee since 1999.

Carmelita Gallo Ms. Gallo serves on the Benefits & Operations Committee and the Strategic Planning Task Force. She is senior vice president and COO of the YMCA of Metropolitan Dallas. Ms. Gallo's YMCA career began at the YMCA of Metropolitan Chicago, where she started as after-school director and rose to become vice president for program and staff development. She was also part of the Chicago MRC Office, where she provided training and leadership opportunities to YMCA staff and volunteers in Illinois, Indiana, and southern Wisconsin. Ms. Gallo served 12 years with the YMCA of the USA, first as director of community resources, then as director of association resources. She earned her bachelor's degree from the University of Illinois. Ms. Gallo has been a trustee since 2009.

Carlos Gonzalez Mr. Gonzalez is vice chairman of the Investment Committee and also serves on the Audit Committee. He is the director of Client Asset Management at the Oriental Group of Puerto Rico with over 20 years of experience in investment management. He serves as a director of the Olana Partnership in Hudson, NY, and also as a director of Empresas Caparra in Puerto Rico. Mr. Gonzalez has an undergraduate degree from Harvard, an MBA from Harvard Business School, and is also a chartered financial analyst. Mr. Gonzalez has been a trustee since 2003.

William A. Holby Mr. Holby is chairman of the Governance Committee. He also serves on the Executive, Audit, Officer Compensation, and Benefits & Operations Committees. He is a partner in the finance practice at King & Spalding LLP in Atlanta, Georgia. He is Immediate Past President of the National Association of Bond Lawyers and is a Fellow in the American College of Bond Counsel. Mr. Holby completed a four-year term as chairman of the board for the Metro Atlanta YMCA in 2004 and currently is chairing its Partner with Youth Comprehensive Campaign - Wave 2. He is also a member of the Salvation Army Advisory Board and serves on its Executive Committee. He earned a BA cum laude from Vanderbilt University, and a JD from the Vanderbilt School of Law. Mr. Holby has been a trustee since 2004.

Eric K. Mann Mr. Mann serves on the Benefits & Operations Committee and the Strategic Planning Task Force. Since 2003, he has been president and CEO of the YMCA of Greater Pittsburgh. During his YMCA career, Mr. Mann has held management positions at YMCAs across the country, including the YMCA of Greater Charlotte, YMCA of Greater Cincinnati, the YMCA of Asheville, Central Connecticut Coast YMCA, and the YMCA of Metropolitan Los Angeles. He currently serves on the boards of Point Park University, the Amani Christian Academy, University of Pittsburgh Graduate School of Public Health, Visit Pittsburgh and UPMC. He earned a BS in Recreation from Mars Hill College. Mr. Mann has been a trustee since 2007.

Georganne F. Perkins Ms. Perkins serves on the Governance and Investment Committees. She is a managing director of Fisher Lynch Capital, a private equity firm investing in venture capital funds, buyout funds and sponsored co-investments. Formerly, she was the director of Private Equity for the Stanford Management Company, the endowment management arm of Stanford University. She is also a director of the HARRIS/myCFO Foundation and chair of the Endowment Management Committee for Saint Francis High School (Mountain View, CA). She earned her undergraduate degree from the University of California. Ms. Perkins has been a trustee since 2006.

Sandra Berlin Walker Ms. Walker serves on the Benefits & Operations Committee and the Strategic Planning Task Force. She is president and CEO of the YMCA of Greater Cincinnati. Ms. Walker also serves on the planning committee of the North American Urban Group of YMCAs and chairs the YMCA of the USA National Diversity and Inclusion Steering Committee. She holds a BA from Gettysburg College. Ms. Walker has been a trustee since 2008.

G. Rainey Williams, Jr. Mr. Williams is chairman of the Audit Committee and also serves on the Executive, Governance and Investment Committees. He is president of Marco Holding Corp., a director of BancFirst Corp. and the American Fidelity Dual Strategy Fund. He is chairman of the Pension Committee of the Oklahoma City Chamber of Commerce, and formerly a chairman of the YMCA of Greater Oklahoma City. He earned a BBA from Southern Methodist University and a JD from the University of Oklahoma College of Law. Mr. Williams has been a trustee since 1999.

Peter D. Ziegler Mr. Ziegler is a member of the Audit, Officer Compensation, Governance and Investment Committees and the Strategic Planning Task Force. From 2003 to 2006 he served as chairman of the Board of Trustees of the YMCA Retirement Fund. He is the former chairman, president and CEO of the Ziegler Companies, Inc., and former chairman of the North Track Funds, Inc. He is a director and former chairman of the Kettle Moraine YMCA in West Bend, Wisconsin and a trustee and vice-chairman of the National YMCA Fund, Inc. He also serves on a number of other civic and corporate boards. He has a BA from Ripon College and an MBA from the Kellogg Graduate School of Management at Northwestern University. Mr. Ziegler has been a trustee since 2001.