- Pay
- $148–182k
- Where
- Long Island City, NY, United States
- Level
- Senior
Managing Director, 530A Initiatives
Job Description
Last Updated on September 25, 2026
About NYC Kids RISE
Over the last decade, NYC Kids RISE has been working alongside partners in government, philanthropy, business and communities to build a first-of-its-kind universal decentralized community wealth building platform for New York City neighborhoods. The platform expands access to mainstream financial products; builds individual, family, and collective financial assets; provides financial education for families and students; and brings schools and communities together to support all their children’s futures. As a unique vehicle for building both financial and social capital, the platform serves as a model for generational wealth building and fostering neighborhoods of economic opportunity — locally and nationally.
Today when a child starts kindergarten in New York City Public Schools, they receive an NYC Scholarship Account invested in a 529 Account with an initial investment for their educational futures. More than 380,000 children have NYC Scholarship Accounts and have accumulated more than $85M to date. ~1000 elementary schools are leveraging the Program as a tool for college & career readiness, strengthening school & community ties, and financial education & empowerment in a variety of different ways. Philanthropy, businesses, government, civic associations, houses of worship, and New Yorkers are plugging into the platform to share their social and financial capital and demonstrate to children what is possible by directing money into sets of students’ accounts through Community Scholarships , by integrating the Program into their own operations and activities, and by spreading the word and reinforcing expectations about what is possible for children. This past June, the City announced an historic investment, increasing the initial seed scholarship for kindergartners from $100 to $1,000. At its core, the Program is providing a way for our city to invest in all our children across the five boroughs. The Program is on pace to reach nearly all ~1 million NYC public school students by 2034.
With growing national, state, and local bipartisan recognition of the power of early wealth building and our infrastructure in place, there is a window of tremendous opportunity to realize a bold vision for New York City kids.
Learn more about NYC Kids RISE at nyckidsrise.org and here .
530A Accounts
The emergence of 530A Accounts creates a new opportunity for NYC Kids RISE to build upon the citywide wealth-building platform developed over the past decade. NYC Kids RISE is working to explore how 530A Accounts can work alongside NYC Scholarship Accounts, family-owned 529 accounts, and other sources of financial and social capital to further build the Capital Stack of assets available for each child’s future.
NYC Kids RISE is working across policy, programs, partnerships, and field learning to understand and measurably advance how these accounts can best support New York City children and families, particularly those who have faced barriers to wealth building. This includes understanding emerging policy and implementation, developing effective programmatic approaches, identifying and advancing best practices, and seizing opportunities to bring additional public, private, philanthropic, employer, family, and community resources to children’s accounts.
The Opportunity
NYC Kids RISE seeks a strategic, entrepreneurial, and highly collaborative leader to serve as our first Managing Director, 530A Account Initiatives, and lead the organization’s emerging body of work related to 530A Accounts. The Managing Director will support the development and lead NYC Kids RISE’s overall 530A Account strategy, bringing together policy, programs, operations, partnerships, and field learning to determine and execute how NYC Kids RISE can best leverage and integrate (as makes sense) this new national infrastructure for our city’s children and families.
In the…