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Grace College Names New VP of Financial Affairs and CFO

doug baumgardner cfo

Grace College recently named Doug Baumgardner its vice president of financial affairs and chief financial officer. Baumgardner brings 17 years of finance experience to the role. He most recently served as president of Network Partners Financial Services and prior to that as city president at First Source Bank. He earned his B.S. from Grace College, his MBA from Indiana University, and his Executive Leadership Certificate from the University of Wisconsin.

“I have full confidence in Doug as he steps into this essential role,” said Dr. Bill Katip, president of Grace College. “His vast financial background is an ideal fit to serve Grace well as our new CFO,” said Katip.

Baumgardner will be responsible for overseeing the financial affairs of the college, managing the budget and reporting finances to the board.

“I am extremely excited to be taking on this important role at Grace.  As an alumnus, I care deeply about the mission of Grace and look forward to being an integral part of advancing its mission.  I am passionate about advancing God’s kingdom and impacting the next generations of students that will be serving God in their homes and workplaces,”  said Baumgardner.

Baumgardner replaces Paul Blair who served as Grace’s CFO for seven years. “I am excited to welcome Doug to the Grace team. Doug has been involved with Grace for years – as a student, as a banking partner, as a community partner, and now as CFO.  His love for and commitment to Grace is longstanding,” said Blair.

Blair will transition to a part-time role as chief operating officer. He will focus on physical plant operations and maintenance, food service, information technology, contracts, insurance and large capital projects.

“I couldn’t be more thankful for Paul’s strategic vision and faithful service on our senior leadership team. It has been a privilege to serve alongside him the past seven years, and I look forward to continuing to do so in a new capacity,” said Katip.

For more information about Grace College, visit

Tagged With: School of Business