Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.
Leaf College Savings co-founders Juan Aguilar, Chris Duffus and Josh Bixler set out with the goal of making it easier to save for college. More specifically, they wanted to find an easier way to give the gift of college savings because, as Aguilar says, “it’s a complicated web out there of college savings.”
The collaborators previously had been colleagues at another Arlington business and regrouped a few years after that company sold. Leaf has been around for about three years now and the Rosslyn-based business has nearly 20 employees.
Leaf enables people to purchase an FDIC-insured gift card which transfers money directly into any 529 college savings plan. If the recipient doesn’t have a college savings account, the business will help set one up.
“It’s a gift that says something very special and very specific,” Aguilar says.
Another option Leaf offers is for an employer to allow payroll contributions to go toward a college savings gift, in a similar way to how a 401(k) works.
“That’s the headache we’re solving right now,” says Aguilar. “The gift card is one idea, a payroll deduction… is idea number two.”
Aguilar points out that children are more likely to pursue higher education if they have some savings set aside for it. He says Leaf offers ways to start saving early — for example, by giving one of the gift cards at a baby shower — and all of the contributions will add up over the child’s lifetime.
“We’re not trying to say a gift card will pay for every dime. But we say that every little bit helps and you need to get started somewhere,” he says. “Over time it will grow into something, which is certainly better than not having made a plan or waiting until it’s too late.”
The business continues to evolve and improve based on feedback from customers and research on changes and trends for savings plans. Employees currently are devising a payroll benefits program to help workers pay off their student loans. Leaf is working on the idea with companies interested in using such a benefit as a recruitment and retention incentive.
“The amount of college debt is staggering,” Aguilar says. “Companies love the idea of college savings and helping employees with student loans.”
As a testament to the benefits Leaf provides, Aguilar says he uses the services for his own kids.
“On a personal level, being able to use Leaf myself… it’s good to see the product work and that it really helps people,” he says. “I’m happy that we’re helping people save for college.”
Good Tuesday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
James Yoo, 56, is presumed dead as a result of the explosion of the duplex at 844 N. Burlington Street, in the Bluemont neighborhood, Arlington County police confirmed during a news conference this afternoon.
A land-use study teeing up an affordable housing redevelopment project in Aurora Highlands has generated significant interest as it nears completion.
Booeymonger in Ballston will be replaced by a new full-service Nepalese restaurant this spring, according to the incoming tenant.
About Latinas Leading Tomorrow (LLT): Latinas Leading Tomorrow is a dynamic 501(c)(3) nonprofit organization dedicated to empowering young Latina women through education, mentorship, and leadership development. We are committed to fostering a community of future leaders who will make a significant impact to the community.
Job Description: We are seeking a passionate and dedicated Part-time Executive Director to lead our organization into its next phase of growth and impact. The ideal candidate will be a visionary leader who can oversee day-to-day operations, drive fundraising efforts, and cultivate relationships with stakeholders. This is a 1099 position; Remote position with ability to attend DMV events; 8-10 hours a week; $35-40/per hour.
Oversee program operations, including educational and community initiatives.
Ensure compliance with legal and regulatory requirements, maintaining trust and accountability.
Develop and execute a strategic vision aligned with our mission and values.
Lead fundraising efforts in partnership with the Board Members.
Cultivate relationships with community partners, schools, educators, and donors.
Demonstrate strong leadership skills, fostering a positive organizational culture.
Communicate effectively with diverse stakeholders and make compelling public presentations.
Promote inclusivity and collaboration throughout the organization.
Children’s Weekday Program (CWP) is a non-profit preschool rooted in a play-based philosophy. We focus on developing a love of learning and exploration, cooperation, empathy, and independence.
Our caring and experienced educators create opportunities for children 16 months to 5 years old to play, learn, and grow in a nurturing environment of child-centered and developmentally appropriate experiences.
Initially established more than 50 years ago in South Arlington, CWP continues to be a lauded program in the Northern Virginia area. We are extremely proud to have been recognized as a Best Preschool in Northern Virginia Magazine for the last 4 years.
Located now in North Arlington at 2666 Military Road, CWP offers a part-time parents day out and preschool program with options to extend care both before and after school. We offer a supportive and inclusive school community for children and parents alike and welcome all families to join our school!
Holiday Art Show featuring artists: Peter Fitzgerald, Claire Plante, Alanna Rivera, and Suzy Scollon. At the Barcroft Community House, 800 South Buchanan St., Arlington, VA. Dec. 8 from, 2 PM to 8 PM and Dec. 9 from 10 AM to