Kindergarten to college Local Innovation, national impact. Leigh Phillips Office of Financial Empowerment City and County of San Francisco.
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Office of Financial Empowerment
City and County of San Francisco
City of San Francisco opens accounts using our tax ID number, with sub accounts for each child
City provides basic information, obtained from SFUSD, to Citibank to open sub accounts
Parents receive an account number to make deposits – online, by mail, in-branch. No withdrawals will be allowed unless for an emergency
Money will be held in trust in the child’s name until use for post-secondary education
City tracks incentives and matches
Parents and students are able to view accounts onlineAccount structure
(Money Market Checking Acct)
Private Incentive Funds Account
Sub AccountAccount Structure
Family Deposit options:
In person, by mail, online, ACH