Carl Rist, Director, Children's Savings & Senior Advisor, Asset Building
Areas of Expertise: Children’s Savings Accounts, Enterprise & Economic Development, IDAs, Local Policy, Savings & Financial Security
Carl Rist has spent over 20 years at CFED, working on a variety of strategies to expand economic opportunity and help lower-income households build wealth. Presently, Mr. Rist is the Director of Children’s Savings and a Senior Advisor on Asset Building. In this capacity, Mr. Rist directs CFED’s efforts—including field building, public policy advocacy and consulting services—to ensure that more than a million low-income children have access to Children’s Savings Accounts (CSAs). Previously, Mr. Rist launched and directed the 1:1 Fund, a fundraising and marketing tool created by CFED that makes it easy for donors, large and small, to help children save for college by matching their contributions in CSAs.
Mr. Rist’s experience with CSAs also includes directing the SEED (Savings for Education, Entrepreneurship and Downpayment) Policy and Practice Initiative (2003-2009), a multi-year, multi-site demonstration of matched savings accounts for children and youth in low-income families. In addition, Mr. Rist helped to design and implement an innovative partnership between UNCF (United Negro College Fund), the KIPP network of public charter schools and CFED to offer incentivized college savings accounts to KIPP students.
He is the co-author of numerous publications about children’s saving, including Hope in Concrete Form: Children’s Savings Accounts and the Save and Invest Economy; From Piggy Banks to Prosperity: A Guide to Implementing Children's Development Accounts and Children's Savings Accounts: A State Policy Sourcebook.
Prior to his work on children’s savings, Mr. Rist was responsible for CFED's efforts to support state-level policy and coalition-building initiatives designed to expand Individual Development Accounts (IDAs) and other asset-building tools. He led the development and design of the initial version of CFED's Assets & Opportunity Scorecard (then known as the State Asset Development Report Card), a comprehensive tool that examines wealth, poverty and financial security across the 50 states and the District of Columbia using performance and policy measures. Mr. Rist's experience at the state level includes working with state task forces in both Delaware and Pennsylvania to develop recommendations for helping citizens, especially those with low incomes, to build and protect assets. Mr. Rist also has served in an advisory capacity for a number of state-level IDA coalitions, including the North Carolina IDA and Asset-Building Collaborative, the Michigan IDA Partnership, the South Carolina IDA Collaborative and the Mid-South IDA Initiative (Arkansas, Louisiana and Mississippi).
Mr. Rist earned an M.A. in public policy in 1991 from the Sanford Institute of Public Policy at Duke University. He also holds an undergraduate degree from Davidson College.
Hope in a Concrete Form: Children’s Savings Accounts and the Save and Invest Economy
Improving Your Business Climate: A Guide to Smarter Public Investments in Economic Development
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Most Recent Blog Posts
Feb 28, 2017
The Wabash County Promise has achieved an impressive level of both community and parental engagement, with a savings participation rate of 43% in the first three years of operation.
Oct 27, 2016
CSA savers need a “promise” or scholarship in addition to the modest savings CSAs provide to help cover the cost of college attendance.
Sep 23, 2016
As the children’s savings movement continues to grow and attract attention from policymakers in cities and states across the country, a new trend – related in name only – has also begun to gain some traction at the state level.
Jul 7, 2016
The results are in! The 1:1 Fund’s June Graduation Campaign raised over $18,000 from 100 individual donors to match the college savings of low-income children across the country.
May 27, 2016
This week, two Tobacco Road towns, Durham and Reidsville — linked together in history as manufacturing centers for the once-giant American Tobacco — celebrated a new ballgame in North Carolina: creating matched college savings accounts for kids.
May 9, 2016
Massachusetts is the latest state to explore the possibility of establishing Children’s Savings Accounts for all young children.
Mar 10, 2016
Durham Kids Save is an innovative new children’s savings initiative whose purpose is to build the higher education aspirations for a new generation of young students in Durham and to help those students and their families begin to prepare financially for post-secondary educational success.
Feb 8, 2016
The promise Oakland is making to its young people is a promise America should be making to its youth, regardless of where they live.
Jan 28, 2016
Achieving the dream of higher education in the United States is increasingly becoming a “pay to play” proposition.
Nov 12, 2015
The Federal Reserve Bank of St. Louis and the Center for Social Development at Washington University in St. Louis hosted a first-class convening on Children’s Savings Accounts
Sep 3, 2015
The 1:1 Fund, CFED’s fundraising and marketing platform that makes it easy for donors to help kids save for college by matching their deposits into savings accounts, is planning two opportunities this fall to help make kids’ college dreams come true.
Jul 21, 2015
We couldn't do this work to expand children's savings without the support of our outstanding partners.
Jul 9, 2015
CFED and a number of our partners joined President Clinton on stage at the Clinton Global Initiative (CGI) America Conference in Denver to launch the Campaign for Every Kid’s Future.
Jul 18, 2014
At an intimate event Monday, co-hosts Justin and Lauran Tuck and New Jersey Senator Cory Booker engaged an audience of New York City leaders in a conversation about children’s savings accounts (CSAs) and college access.
May 28, 2014
Last Thursday, at a high-energy assembly at Hillcrest Elementary organized by the San Francisco Office of Financial Empowerment (OFE), the 1:1 Fund joined Lieutenant Governor Gavin Newsom.
Oct 23, 2013
The 1:1 Fund has launched a new and improved website to match kids' college dreams dollar for dollar.
Oct 14, 2013
Read the 1:1 Fund Executive Director Carl Rist's recap from the event earlier this month in New York City announcing the expansion.
Apr 30, 2013
Carl Rist, Executive Director of the 1:1 Fund, reflects on the link between children's savings accounts and his family history
Mar 22, 2013
For generations of Americans, graduating from college has been the surest route to achieving the American Dream
Feb 15, 2013
The 2013 Assets and Opportunity Scorecard data underscores the importance of saving for college
Oct 1, 2012
As a federal taxpayer, you’ve no doubt noticed the $3 “check-off ” for the Presidential Election Campaign Fund
Aug 7, 2012
A new blog posted on U.S. News Education and written by Equal Justice Works highlights the relationship
Jul 18, 2012
Governor Perdue’s veto of the $20.2 billion state budget proposed by the Republican-led legislature and the subsequent
Feb 24, 2012
What would it look like if every child in the U.S. started his or her life with an endowed account for use in saving for college
Jan 17, 2012
Last week’s announcement of the latest Race to the Top grantees – this time a group of nine states
Oct 10, 2011
The 2011 Pathways to Prosperity Conference will take place next week, October 17-18
Oct 3, 2011
Community colleges have long been an important local resource for economic development. A key part of this
Sep 7, 2011
"New Lessons Behind Kids' Allowances" (News, Aug. 28) is interesting fodder for parents considering how best to
Aug 24, 2011
If a natural disaster struck your home or vehicle, how soon would you be able to access the funds to make the necessary repairs?