Elizabeth Boggs Davidsen is a Senior Executive, advisor, and global expert in social innovation and impact investing with the strategic vision to create and deliver financing and business models that produce sustainable, scalable business development. A clear communicator and consensus builder, Ms. Boggs Davidsen is recognized for uniting senior government and ministry officials, corporate executives, nonprofit leaders, and institutional investors worldwide around a common purpose. Her international policy expertise and management of complex global operations are hallmarks of her career.
Currently, Ms. Boggs Davidsen is a Biden-Harris Administration political appointee and Vice President of the Office of Development Policy at the U.S International Development Finance Corporation (DFC). In this role she is responsible for ensuring that the DFC’s portfolio and projects have measurable development impact, respect human rights, and are environmentally and socially sustainable.
Prior to joining the DFC, Ms. Boggs Davidsen created, launched, and directed the strategy and start-up of SDG Impact, a global executive initiative of the United Nations Development Programme (UNDP) focused on eliminating barriers and driving more integrity for sustainable investment at scale. She positioned UNDP to be the global standards setter for SDG enabling investment by helping investors set, measure, report and disclose on their contributions to the UN Sustainable Development Goals.
For the majority of her career, she held leadership roles at the Inter-American Development Bank (IDB) with annual lending of $13B in Latin America and the Caribbean. Ms. Boggs Davidsen was the Chief of the Knowledge Economy and led the Impact Investing portfolio of the Multilateral Investment Fund. She was the lead architect and Principal Investment Officer for the Opportunities for the Majority Office, the first dedicated office within a development finance institution in financing inclusive business models using market-based principles. And she served as a Policy Adviser to the Executive Vice President on operational, policy, and programmatic issues of Bank activity with social sectors and environment.
She earned a MS in Foreign Service from Georgetown University’s Edmund Walsh School of Foreign Service, a MA in Spanish from Middlebury College in Madrid, and a BA of Political Science and Spanish from Middlebury College in Vermont. She and her husband have three adult children and live the greater Washington, D.C. area.
It is with profound sadness that we share the passing of Cal LaRoche, a brilliant and dedicated advisor and champion of the Ron Brown Scholar Program, who left us on Wednesday, April 9th, 2025.
Born in New York in January 1946, Cal graduated from Central State University in Ohio, where he joined the Eta Gamma Chapter of Omega Psi Phi Fraternity. His career spanned decades of leadership and innovation, beginning at the National Security Agency and continuing through key roles at IBM, SkyTel Communications, and The Orkand Corporation.
A visionary entrepreneur, Cal later co-founded DC Ventures and Associates.
His commitment to service was unwavering. Cal chaired the Boards of Trustees at Suburban Hospital in Bethesda and Norwood School and served with distinction for 15 years on the Advisory Board of the Ron Brown Scholar Program. His leadership extended to the Beta Mu, Boulé Foundation Board, where he served as Chair, and to Patients For Affordable Drugs, where he was a founding board member and Treasurer.
An avid golfer and advocate for equity in the sport, Cal co-founded the Pro-Duffer/Carter Foundation Scholarship to promote diversity in golf. A long-time member of TPC Potomac at Avenel Farm, he was as passionate about creating opportunity as he was about the game itself.
Cal’s legacy is carried on by his beloved family: his mother, Lucille “Gloria” David; his wife, Esperanza, and their sons, CJ and Ethan; his former wife, Cheryl LaRoche; their daughters, Gina LaRoche, Renee LaRoche-Morris, and Danielle LaRoche; six grandchildren; and his siblings. His wisdom, warmth, and unwavering belief in the potential of young people will remain an enduring part of the Ron Brown Scholar community.
We are forever grateful for Cal’s enduring support, leadership, and love. He leaves behind a legacy of excellence, generosity, and deep humanity. He will be deeply missed.
