Ronay A. Menschel was born circa 1942 in Washington, D.C.[1] Her father, Paul Theodore Arlt, was a cartoonist and painter and her mother, May MacClaire, the vice chair of the Museum of the City of New York.
[4] Menschel began her career as an administrative assistant to Democratic Congressman Ed Koch in 1969.
[5] Menschel served on the board of directors of the Federal Reserve Bank of New York from 1998 to 2004.
[5][6] Menschel became the chair of the Phipps Community Development Corporation, a subsidiary of Phipps House, a nonprofit organization for affordable housing in New York City,[7] in 1988.
[10] Ronay married Richard Menschel, an investment banker at Goldman Sachs and philanthropist.