Women's History Month - 1998 FWA Public/Non-Profit Sector Woman of the Year, Alice Rivlin

March 21, 2024

Paving the Way Forward for Women in Finance


Throughout Women's History Month, we're highlighting a variety of women from FWA's history - awardees, past presidents, and more who forged a path for women in the financial community. In their honor, we ask that you make your own contribution toward paving the way forward for all women in finance this month!


This week, we're highlighting Alice Rivlin, who was awarded the FWA awarded Public/Non-Profit Sector Woman of the Year in 1998 recognition of her service as Vice Chair of the Federal Reserve Board of Governors. She also served as Deputy Assistant Secretary of Health, Education and Welfare for Program Analysis and Director of the Congressional Budget Office, and she was the first female Deputy Director of the Office of Management and Budget.

Alice Rivlin was a pioneer for women in top positions. She attended Bryn Mawr College as an undergraduate and graduated from Harvard’s Radcliffe College in 1958 as one of the few women to have earned a PhD in economics. 


After proving herself in research and analysis as a fellow at the Brookings Institution, President Lyndon Johnson named Rivlin Deputy Assistant Secretary of Health, Education and Welfare for Program Analysis in 1966. In 1974, she was appointed Director of the newly created Congressional Budget Office, a position she held for eight years. In 1993, President Bill Clinton named her the nation’s first women Director of the Office of Management and Budget. From there, she served as Vice Chair of the Federal Reserve Board of Governors. Rivlin is remembered for providing objective, nonpartisan information to help Congress make effective budget and economic policy.


Alice Rivlin paved the way forward for the next generation of women in finance, and now it’s your turn to do the same.


We're calling on YOU to be one of 100 donors who will make an impact during Women's History Month! Be the next to support our mission of advancing all women with a donation of $25, $50 or $100 dollars!


No donation is too small - it's a chance to put your brick in the road to success for future women in financial services.

70th Anniversary Gala Highlights

October 15, 2026
On October 8, 2026, the FWA's 70th Anniversary Gala brought together generations of the Financial Women's Association community for an evening filled with stories, laughter, and a real sense of what makes this organization special. It was a great reminder of where we started and how far we have come! Guests walked the red carpet, queued up at the photo booth, and shared their FWA stories in on-camera interviews. Our live band kept the celebration going, and FWA President Albana Theka, MBA performed the FWA song. Our honorees gave us plenty to think about. Stephanie Ruhle spoke about risk and her transition from finance to television. Betsy Werley shared that she is now mentoring the daughter of one of her former mentees. Joan Shapiro Green recalled making laughter part of her theme as FWA President. Virginia Maloney and Jonathan Dambrot reflected on their courageous mothers and the influence those women had on their lives. Mary Barneby spoke about her FWA presidency and the responsibility to give back. Caroline Gundeck shared how hard work helped her reach an early career goal of $2 million in accounts. Steve Liesman gave the room one of its biggest laughs when he suggested the title of her future book: Buying Your Own Plaque. Carolyn Maloney discussed being the first woman to represent her City Council and congressional districts, as well as the first woman to chair the House Committee on Oversight and Reform and the Joint Economic Committee. She also spoke about the work she continues to fight for today. Thank you to Steve for guiding the evening with warmth and humor. We’re also grateful to FWA Past Presidents Hermina 'Nina' Batson, Simone G. Vinocour, and Karen Elinski, the entire 70th Anniversary Gala Committee, and the FWA staff for the months of work behind the celebration. Most of all, thank you to everyone who came out to support our mission. It was a full-circle evening and a fitting way for the FWA to go platinum. Relive the celebration through the Commemorative Gala Journal and explore our photo galleries: Photos from the Program • Reception Photos • Step & Repeat Photos • Photo Booth

Announcing the 2026 FWA Global Trailblazer & Visionary Award: Hillary Rodham Clinton

October 9, 2026
The FWA is proud to announce Hillary Rodham Clinton as the recipient of the 2026 FWA Global Trailblazer & Visionary Award at the FWA’s 70th Anniversary Gala on October 8, 2026. Secretary Clinton will join us virtually to accept the award and share remarks with guests during the Gala. We look forward to celebrating her extraordinary leadership and contributions with our community.

Announcing the 2026 FWA Mentorship Impact Award: Betsy Werley

October 1, 2026
As we mark FWA’s 70th anniversary, we are honored to recognize Betsy Werley for her contributions to the FWA community. Betsy will receive the 2026 FWA Mentorship Impact Award at the FWA's 70th Anniversary Gala . Please join us on October 8 as we honor Betsy and the legacy of leadership and mentorship that has shaped FWA for the past seventy years.

Announcing the 2026 FWA Leadership Impact Award: Joan Shapiro Green

September 30, 2026
As we mark FWA’s 70th anniversary, we are honored to recognize Joan Shapiro Green for her contributions to the FWA community. Joan will receive the 2026 FWA Leadership Impact Award at the FWA's 70th Anniversary Gala . Please join us on October 8 as we honor Joan and the legacy of leadership and mentorship that has shaped FWA for the past seventy years.
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