diff --git a/core/dbt/config/profile.py b/core/dbt/config/profile.py
index f7bb134bb5b..a28b84fd5fb 100644
--- a/core/dbt/config/profile.py
+++ b/core/dbt/config/profile.py
@@ -111,6 +111,7 @@ def __init__(
         self.threads = threads
         self.credentials = credentials
         self.profile_env_vars = {}  # never available on init
+        self.manage_schemas = manage_schemas
 
     def to_profile_info(self, serialize_credentials: bool = False) -> Dict[str, Any]:
         """Unlike to_project_config, this dict is not a mirror of any existing
diff --git a/core/dbt/config/project.py b/core/dbt/config/project.py
index 3c9ccf4f168..6b354e73131 100644
--- a/core/dbt/config/project.py
+++ b/core/dbt/config/project.py
@@ -601,7 +601,7 @@ def to_project_config(self, with_packages=False):
                 "asset-paths": self.asset_paths,
                 "target-path": self.target_path,
                 "snapshot-paths": self.snapshot_paths,
-                "managed-schemas": self.managed_schemas,
+                "managed-schemas": [schema.to_dict() for schema in self.managed_schemas],
                 "clean-targets": self.clean_targets,
                 "log-path": self.log_path,
                 "quoting": self.quoting,