I looked high and low for "Infragistics grid nullable property" but didn't find anything until I searched for "Ignite UI grid nullable property". This works:
column.For( p => p.Role )
.HeaderText( "Role" )
.DataType( "object" )
.FormatterFunction( "function(obj) { if (!obj) return 'None'; return obj.Description; }" );
I hate it when that happens. (source)