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How to Give with a ScholarShare Account

Whether it’s for birthdays, religious celebrations, graduations, holidays or just because, a gift to a California ScholarShare 529 College Savings Plan (ScholarShare) account is an innovative and meaningful way to celebrate major milestones in a child’s or loved one’s life.

How to Gift a New ScholarShare Account

How to Contribute to an Existing ScholarShare Account

How to Gift a New ScholarShare Account

It’s easy to open a ScholarShare account as a gift for a child or loved one.

Please select how you’d like to enroll:

  1. Enroll Online
    You can submit your initial contribution* electronically from your bank account or by sending a check deposit slip along with your payment.
  2. Download Enrollment Materials
    Download and print everything you need to open an account.
  3. Request Enrollment Kit
    Have enrollment materials mailed to you. Please allow five to seven days for delivery.

After you’ve opened the new account and made a contribution, download a Gift of Education Certificate and present it to your beneficiary. Insert it in a card, frame it or wrap it with a bow. It’s a great way to symbolize your gift. Then, going forward, you can choose to download other gift certificates for holidays or special occasions— whenever you want to symbolize your continued contributions toward that child’s future college education.

Important note: you will need to know the Social Security Number (SSN) or federal Taxpayer Identification Number (TIN) of the child or loved one you will be designating as the beneficiary before you can finalize the enrollment process.

How to Contribute to an Existing ScholarShare Account

If you would like to make a contribution* to an existing account, follow these instructions.

  1. Download a blank gift deposit form.
  2. Ask the account owner for the account number** you should use for your gift. List it on the form.
  3. Complete a check payable to ScholarShare College Savings Plan. To ensure the contribution is deposited into the account, make sure the investment portfolio number and account number** provided to you by the account owner is clearly indicated on the check as well as on the gift deposit form. Make a copy of your check and the form and keep them for your records.
  4. Mail your check and the completed gift deposit form directly to ScholarShare using one of the addresses indicated below:

  5. ScholarShare College Savings Plan
    PO Box 55205
    Boston, MA 02205-5205

    ScholarShare College Savings Plan
    30 Dan Road
    Canton, MA 02021
    Use this address for overnight mail.

  6. If you prefer, you can also present the check with the Gift of Education certificate directly to your loved one. Then, the account owner can deposit the check into their account on your behalf.
  7. Symbolize Your Gift – Whether you send in the check directly to ScholarShare or to the recipient, be sure to present the completed Gift of Education Certificate to symbolize your gift—wrap it, frame it or place it in a card!

* The minimum contribution amount to a ScholarShare account is $25. Contributions are permitted by personal checks (excluding starter checks, credit card convenience checks and counter checks), bank drafts, teller’s checks, and checks issued by a financial institution payable to the account owner and endorsed over to the Plan, and third-party personal checks up to $10,000. Checks must be drawn on a banking instutution located in the U.S. and must be payable in U.S. dollars.

** The Account Number can be found on the account owners’ statement and is comprised of the four (4) digit number preceding the dash (investment portfolio number) and the set of numbers to the right (account number).

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