FORT WASHINGTON, Pa. — Acts Retirement-Life Communities, a nonprofit operator based in Fort Washington, has added William Reynolds and Michael Kelly to its board of directors. The Acts Board represents a diverse group of volunteer members who serve without compensation.
Reynolds is a resident of The Evergreens, an Acts community in Moorestown, New Jersey. He served as a teacher and administrator in public and private schools and at the University of Pennsylvania. Later he had a more than 20-year career as founder and senior partner in Reynolds & Schaeffer Associates Inc., a management and consulting firm that specialized in working primarily with nonprofit organizations in health, human services and education.
In 1997, after retiring from Reynolds & Schaeffer, Reynolds returned to academia to start the Center for Management and Entrepreneurship at Rutgers School of Business in Camden, where he served as the center’s executive director until his retirement from Rutgers in 2010.
Reynolds holds a doctorate in management from the University of Pennsylvania, a master’s degree from Harvard University and a bachelor’s degree from Lafayette College.
Kelly is a recently retired investment banker with B.C. Ziegler and Co., where he led the firm’s nonprofit senior living finance activities in the Mid-Atlantic region. Prior to his 25-year tenure at Ziegler, he was a public finance lawyer specializing in nonprofit healthcare and senior living finance, and a developer of nonprofit senior living communities.
Kelly holds a bachelor’s degree from Davidson College and a Juris Doctor degree from Vanderbilt University.