Investing in the Next Generation: Our Donor Advisors' Early Support of NYC's Save for College Program
This month, Mayor Adams announced that 97% of NYC kindergartners now have access to college and career training scholarship accounts through the NYC Kids RISE Save for College Program, which provides families, schools, and communities with a way to work together to invest in children’s futures, regardless of their family’s income or immigration status. This year alone, the city has invested $6.5M in over 65,000 universal 529 savings accounts for public school kindergartners.
The College Opportunity Fund—a Donor Advised Fund at Brooklyn Community Foundation—was an early investor in NYC Kids RISE’s Queens pilot program, which set the groundwork for the citywide program.
“We now have a universal wealth building platform across Brooklyn neighborhoods and a mechanism to come together to support our children. This is a historic day for our borough and our City.” said Dr. Jocelynne Rainey, President and CEO, Brooklyn Community Foundation. “We are cheering our kindergartners on as we celebrate NYC Scholarship Month and look forward to collaborating to leverage this important piece of infrastructure to advance racial and economic justice.”
At Brooklyn Community Foundation we pride ourselves on partnering with highly engaged Donor Advisors to help them invest in the causes they care about, like the NYC Save for College Program—whether that investment is in Brooklyn, New York CIty as a whole, or across the nation.
Consider if a Donor Advised Fund is right for you—open a fund today as a means to invest in your community tomorrow.