Equipping CSA Programs
From our technology, to our investment options, and our social commitment, let us support your CSA program.
The Right Relationships
The Right Plan
The features of a ScholarShare 529 plan are especially well-suited for child development accounts over plans from credit unions or bank savings accounts because they provide investment growth potential, targeted investment options, and withdrawal restrictions.
The Right Technology
ScholarShare 529 uses VistaShare Outcome Tracker to support local governments and non-profit organizations planning to establish a CSA program and to support organizations that currently administer a citywide or regional CSA program. Outcome Tracker helps you securely reach your community, track your progress, and share your results. With Outcome Tracker, you can:
- Import child data from your school system or other source
- Apply incentives to select children
- Interact with parents or guardians online
- Report on savings results
- Create omnibus accounts for one or more cohorts of children
- Apply seamless integration with ScholarShare 529 accounts
The Right Partner
ScholarShare 529 is California's official college savings plan, and one of the most respected asset-building programs in the country. With over $11 billion in assets under management (as of 1/2021), ScholarShare 529 has worked with industry professionals to manage college investments for more than twenty years. Investment decisions are overseen by the independent ScholarShare Investment Board, an agency of the state of California, and chaired by the California State Treasurer.
Powered by VistaShare Outcome Tracker to:
- Offer systems and infrastructure for the implementation and operation of your CSA program
- Assist with identifying target populations and facilitate outreach and coordination
- Provide guidance on program eligibility, terms, and conditions
- Coordinate engagement with VistaShare to secure licensing agreement to use Outcome Tracker
- Facilitate the opening and funding of ScholarShare 529 entity-owned accounts
To learn more about launching a CSA program in partnership with ScholarShare 529, email firstname.lastname@example.org or call 916-651-6380.
The Right Partnerships
The CSA Grant Program was enacted in the 2019-20 State Budget to support local governments and organizations in operating a regionally-based CSA program. Administered by the California Student Aid Commission, the program allocated $10 million in one-time General Fund dollars to new and existing local CSA programs statewide, including four that currently partner with ScholarShare 529 to help families save for higher education.
City of West Sacramento
The West Sacramento Home Run launched in 2017 as an innovative cradle to career initiative in partnership between the City of West Sacramento, the Washington Unified School District, Sacramento City College and the West Sacramento Chamber of Commerce. This partnership breaks down barriers to post-secondary education and helps students prepare for careers through high-quality preschool, college savings incentives, high school internships, digital badges, fee-free community college and scholarships. College savings incentives for qualified families include a $50 seed deposit and up to $180 in matching funds, as well as referral bonuses, reading and financial literacy incentives, and special promotions like the annual 529 Day raffle.
"The College Savings Account program makes college more accessible to all students, regardless of background or life circumstances, and puts every West Sacramento child on a pathway to enroll and complete postsecondary education, prepare for the career they want and realize their dreams." – West Sacramento Mayor Martha Guerrero
Learn more about West Sacramento Home Run.
Santa Cruz Community Ventures
Santa Cruz SEEDS automatically provides Santa Cruz County newborns a ScholarShare 529 account that includes an initial "SEED" gift of up to $50. Funds can be used towards the child's future college or vocational education expenses. Administered by Santa Cruz Community Ventures, the program works with local health, education, and financial partners to support a child's well-being and development. The program aims to provide additional gifts as the child reaches health and educational goals to ensure that each child has $500 by age five.
"SEEDS is a commitment to our kids. We are coming together to invest in our children's well-being and the future of our county. We want to help families keep their kids happy and healthy. We want to help our kids reach their goals in life. Together we can help our children reach their dreams." – Maria Cadenas, Executive Director, Santa Cruz Community Ventures
Learn more about Santa Cruz SEEDS.
United Way California Capital Region
In 2019, United Way California Capitol Region and City of Sacramento launched its Kindergarten to College (K2C) Savings Program to make higher education more accessible by opening college savings accounts for kindergarteners at select Sacramento schools. K2C opens a seed account with $25 for kindergarteners and provides additional rewards for families who start saving with their own individual ScholarShare 529 account.
"ScholarShare 529's uniquely beneficial portfolios and expert staff has allowed Sacramento K2C to open and fund 530 accounts for families across the Sacramento Region. The ScholarShare team is responsive and flexible to our program's needs, ensuring a smooth rollout across nine campuses and two school districts." – Cecilia Crawley, Kindergarten to College Program Manager
Learn more about K2C Savings Program.
Glendale Unified School District
Glendale Unified School District began its College Success Fund CSA program in 2020. Each of the district's first graders automatically receives a $50 deposit into a CSA account with ScholarShare 529 for their future post-secondary expenses. The program was created to help children and families in the region build inspirational goals and keep children focused on the importance of higher education.
"I'm proud of our school district's forward-thinking approach and implementation of Child Savings Accounts intervention. It inspires, encourages, and propels our kids toward their highest achievements. Partnering with ScholarShare 529 and using the 529 platform has opened doors for our families." – Nayiri Nahabedian, MSW, Glendale Unified School District Board Member and Faculty, School of Social Work, California State University Los Angeles.
Learn more about College Success Fund.
Looking to save for your kid's education?
California Kids Investment and Development Savings (CalKIDS)
CalKIDS, the nation’s largest CSA program, aims to launch in 2021 and will jumpstart college savings for approximately 450,000 California newborns annually.Read more...Clicking 'Read more...' opens a page about California Kids Investment and Development Savings program.