Raphael William Bostic
PhD ’95, Stanford University; President and CEO, Federal Reserve Bank of Atlanta
Inclusion and access to opportunity have been driving forces behind Raphael Bostic’s work in public policy, community development, and higher education.
Bostic is president and CEO of the Federal Reserve Bank of Atlanta—the first African American and first openly gay person to head one of the Fed’s 12 regional banks. An expert on housing policy, the former University of Southern California professor previously served as assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development, earning the Secretary’s Meritorious Award. As senior economist for the Federal Reserve Board of Governors, he was honored for his work on the Community Reinvestment Act, which encourages financial institutions to meet the credit needs of low- and moderate-income communities.
A dedicated volunteer in his local community and the Harvard community, Bostic sits on the boards of the United Way of Greater Atlanta and the Carter Center, among other civic organizations. He has served as an elected director of the Harvard Alumni Association and was chosen by his 25th reunion classmates to serve as chief marshal at Commencement.
"Harvard’s position as a leader in higher education and research makes the Overseer’s position an important one that holds the potential to further expand access to opportunity for people worldwide and accelerate broad societal progress. If we are to be a society where people truly have equal access to opportunity and, in turn, an equal opportunity to achieve and thrive, then we must establish this as a high priority."