CSD Policy Director,
Director of College Savings Initiative and SEED for Oklahoma Kids
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MARGARET M. CLANCY, MSW, is the Policy Director and College Savings Initiative Director at CSD. Clancy is responsible for design and leadership of large-scale policy demonstrations, including the SEED for Oklahoma Kids (SEED OK) research experiment. Since 2001, she has been researching features of 529 college savings plans as a model for inclusive asset-based policy, and is an expert on progressive 529 policies in the states. She also led the Account Monitoring research project in SEED, a multi-year, national children and youth savings policy and research initiative, and for the American Dream Demonstration, the first national study of IDAs. Prior to joining CSD, Clancy administered corporate 401(k) and defined benefit pension plans for over 10 years, working as a Vice President of a large trust company. Clancy earned a BS in Business Administration from Southern Illinois University Edwardsville and an MSW at Washington University in St. Louis. She is also a Certified Employee Benefits Specialist.
CSD seeks to inform and put in place an inclusive 529 platform for educational savings to increase postsecondary degree success among lower-income children, youth, and non-traditional students.
The first statewide Child Development Account (CDA) in the U.S., Maine’s Harold Alfond College Challenge, stands as a shining example of universal and progressive accounts at birth. We study the College Challenge and document this CDA’s evolution.
Global Asset Building
We work with the Israeli government to develop an asset-building policy of national Child Development Accounts.
Our project with the United Way of Greater St. Louis implemented an IDA Pilot Program to explore a way to build assets in low-income households and communities.
This is the first large-scale demonstration of Individual Development Accounts, with approximately 2,400 accounts opened at 13 sites across the country.