T. Eloise Foster
Secretary and Treasurer, Board of Trustees

Meet the Trustee: T. Eloise Foster
T. Eloise Foster joined the Financial Accounting Foundation (FAF) Board of Trustees in January 2017 and was appointed secretary and treasurer effective January 1, 2021. Her term concludes on December 21, 2021.

Ms. Foster is chair of Maryland Supplemental Retirement Plans, a commissioner with the Washington Suburban Sanitary Commission (WSSC), and a member of the WSSC Retirement Plan Board of Trustees.

Ms. Foster has more than three decades of experience in the public sector, where she developed an expertise in fiscal policy and management.  She served for a decade as secretary of the Maryland Department of Budget and Management, where she was responsible for the development and management of Maryland’s $38 billion operating and $1.5 billion capital budgets, the state’s personnel system and its employee and retiree benefits program.

Previously, she worked as Assistant Dean for Business Affairs and Program Development at the University of Maryland School of Medicine.

Earlier in her career Ms. Foster was a legislative officer for Governor William Donald Schaefer and a fiscal analyst for the Maryland General Assembly.

Ms. Foster is an honorary lifetime member of the National Association of State Budget Officers and a former member of the National Forum for Black Public Administrators.

Ms. Foster holds a bachelor’s degree in business administration from Howard University, an MBA from American University, and has completed Harvard University’s Senior Executives in State and Local Government Program.