Board and Governance

Brian O’Hara, Nikkita Scott, Peter Pearman (Legal Counsel), Amanda Outerbridge, Peter Durhager, Michael Brace and Myra Virgil.
Left-to-Right: Brian O’Hara, Nikkita Scott, Peter Pearman (Legal Counsel), Amanda Outerbridge, Peter Durhager, Michael Brace and Myra Virgil. Not pictured, Michael Schrum (Investment Committee)

BCF’s Board is comprised of strong, committed, community members with experience in:

  • Business
  • Finance
  • Philanthropy
  • Community
  • Investment
  • Excellence in management and operations

Meet BCF's Leadership

Peter Durhager, Chairman

Peter Durhager

Peter is the Chairman of the Bermuda Community Foundation Board. He is also the former Executive Vice President and Chief Administrative Officer of RenaissanceRe Holdings Ltd. and former President of RenaissanceRe Services Ltd. He is Chairman of Ascendant Group Limited and a non-executive Director of KeyTech Limited. Peter served as Chairman of the board of America's Cup Bermuda Ltd., which was hosted in Bermuda in 2017.

Michael R. Brace, CFA

Michael Brace

Michael is an Investment Advisor with 64 Northwest Partners Ltd, responsible for advising high-net-worth and institutional clients. Michael has also been a director or trustee of The Nature Conservancy, University at Buffalo School of Management Alumni Association, American Cancer Society, and Community Foundation for Greater Buffalo.

Brian O’Hara

Brian O'HaraBrian has served as Chairman of the XL Capital Ltd. Board of Directors, and President and CEO of XL. He has also been director or trustee of the International Insurance Society, ABIR, Insurance Information Institute, American Institute for Chartered Property and Casualty Underwriters, the School of Risk Management, Insurance & Actuarial Science at St. John’s University, Geneva Association, and the International Business Forum. He continues to serve as Chairman of Front Street Advisors Ltd., and as a Director of BIOS, Roundtable Healthcare Partners, American Revival Fund LP, and the US Chamber of Commerce.

Amanda Outerbridge

Amanda Outerbridge

Amanda is Head of Communications at the Bermuda Monetary Authority. She was formerly Director of Philanthropy for the XL Group and Executive Director of the XL Foundation. Until 2015, she was Chair of the Bermuda Donor Forum. Previous roles have included: Executive Director of the Bermuda National Trust, a nonprofit focused on conservation, education and advocacy; Editor of the Mid-Ocean News, Assistant Editor of The Royal Gazette, and Executive Editor of Bermuda Business. She is a Justice of the Peace and a member of the Bermuda Media Council.

Michael L. Schrum

Michael L. Schrum

Michael has more than 20 years of financial services experience in London, New York and Bermuda, mainly in banking, insurance and tax. Michael has been the Group Chief Financial Officer of The Bank of NT Butterfield & Son Limited since September 21, 2015 and served as its Executive Vice President until May 13, 2016. He served as the Chief Financial Officer at HSBC Bank Bermuda Limited until August 20, 2015 having been with Bank of Bermuda since 2001, serving most recently as the Head of Finance with responsibility for the corporate finance, insurance, tax, accounting and reporting functions for the Bank of Bermuda group. A Director of Ascendant Group Ltd., he holds a Masters of Science in Economics from the University of London and is a Fellow Chartered Accountant and a Chartered Financial Analyst.

Nikkita Scott

Nikkita ScottNikkita is Director of Counselling & Student Activities for Bermuda College. At the College since 2000, she has worked as counselor, assisted with programme review and development, and been advisor to Student Government Council. Nikkita is past Chair of the Commission for Unity & Racial Equality, a former member of the Name & Recognition Committee, and past Chair of the United World Colleges Selection Committee for Bermuda.

Myra Virgil

Myra Virgil

Myra is the CEO and Managing Director of the Bermuda Community Foundation. Before stepping into this role, she was the Programme Executive for The Atlantic Philanthropies with responsibility for seeking investment opportunities in Bermuda that fit with the foundation's mission and global programmes.  Previously, Myra was Director of Human Affairs with the Bermuda Government, overseeing the operations of the Human Rights Commission, Commission for Unity and Racial Equality (CURE), Consumer Affairs Bureau and National Office for Seniors (and disabilities portfolio).  In 2007 and 2008, she served as Acting Permanent Secretary for the Ministry. Before assuming this role she headed CURE, the country’s only statutory race relations body at the time.  A social worker by profession, trained and educated in Canada, prior to returning to Bermuda in 2001, Myra managed a team of youth and family practitioners for the Government of Quebec, and served as Chair of the Board of Youth In Motion, an inner-city, grassroots nonprofit.  Myra was also a faculty member at Vanier College, lecturing in the field of Special Care Counseling.

Myra holds a Bachelor of Arts (Sociology), Bachelor of Social Work and Master of Social Work degrees from McGill University and a Ph.D. in Social Science (Organisational Behaviour and Psychology) from Tilburg University in the Netherlands.  She is married and a proud mother of two girls. She hopes through her work, to inspire in them a passion for responsible citizenry and social consciousness.

How We Operate

Our board of directors administers BCF, some of whose members were appointed after a request for expressions of interest was placed in Bermuda newspapers in 2012. Board members are appointed by three members of BCF who solicit applications from the community via a self-nomination process. This process provides a transparent and robust governance model in which it would be extremely difficult for any individual or group to take control. Certain tasks are allocated to a range of support committees, but ultimately the board is responsible for BCF’s mission integrity and welfare. We are a transparent institution in terms of how we operate.

 

How We Are Funded

All BCF board and committee members are volunteers and are unpaid for their work in these roles. However, there are costs (staff, salaries, rent, phone, postage, marketing, etc.) in operating BCF.

The board strives to keep costs as low as possible: we deliberately run a “lean and mean” operation using some outsourced resources and economising on rent and other operational costs by sharing office space, technology, etc.

In order to cover operating costs, BCF donors are asked to consider make initial donations to the BCF fund. Learn more about how we are funded.

In addition, fees assessed on the capital of the funds are donated to BCF each year. The administrative fee is typically 1–1.5 percent of the value of the fund. However, certain funds requiring a higher level of administration may incur a fee of 2.5-5 percent of the value of the fund.