Board of Directors

Malvina Kay

Malvina Rollins Kay is currently the Vice President and Chief Financial Officer at Independent Sector, a national membership organization that brings together a diverse set of nonprofits, foundations, and corporations to advance the common good. Previously, Malvina joined the United Negro College Fund in January of 2013 as Senior Vice President and Chief Financial Officer (CFO) and Treasurer of the Corporation. As CFO, Malvina was responsible for the oversight and management of the organization’s $58 million endowment fund, $179 million annual operating budget, and $900 million long term investment portfolio. She managed all of the financial functions of the organization.

Malvina has always placed a high priority on public service. This is why she has dedicated over 25 years in finance to the nonprofit sector. She previously served as the Vice President, Finance and Administration/CFO at Independent Sector where she was the lead in the negotiations, purchase (non-profit bond financing) and relocation to their new multi-million headquarters facility.

Earlier in her career Malvina had the opportunity to serve as CFO and Director of Administration for the National Council of Negro Women under the leadership of the icon Dr. Dorothy I. Height; Director of Finance and Administration at The Joint Center for Political and Economic Studies, and the Congressional Black Caucus Foundation.

She provided consulting services to the Administrative Office of the Courts for the State of California, the AARP, Design Build Institute of America, Bazilio Cobb & Associates and KPMG.

Malvina is a graduate of Virginia State University where she attained a B.S. in Business Administration with a Concentration in Accounting; and she has also been a licensed Certified Public Accountant in the State of Virginia since 1991. As a dedicated servant of the children and families in her community and state, Malvina has been elected to the Fredericksburg City School Board since 1991. During her tenure she has served as Chairman and Vice Chairman numerous times. She has even had the honor of serving as Chairman of the Virginia School Board Association, Northeast Region from 1999-2001. In 2011, she was also appointed by City Council to serve as a Commissioner on the Parks and Recreation Commission for the City of Fredericksburg, VA.

Malvina is a C-Suite Committee member for Independent Sector. She is a member of the American Institute of Certified Public Accountants, Virginia Society of Certified Public Accountants, Greater Washington Society of Certified Public Accountants, National Association of Black Accountants, Inc., Delta Sigma Theta Sorority Inc., Harambee 360, and Partnership for Academic Excellence. A recipient of numerous awards, in 2014 she was awarded the “Woman to Watch Award” in the category of Community Leader by the Greater Washington Society of CPA’s.

As a member of the school board, she has had a direct impact on improving the academic achievements of all children. Exercising her background in Finance, she has maintained a pivotal role in representing the Board on financial matters. Whether giving input to enhance the design process for new school facilities, or advocating for teachers compensation, Malvina Kay has made it her goal to promote stewardship amongst all educators. Her contributions and dedication to education have gone unparalleled.