Children’s Savings Account (CSA) programs are interventions that seek to build assets for children to use as long-term investments, particularly for postsecondary education. These programs are operating in several jurisdictions around the United States and are proposed in many more.
By: Willie Elliott
In December, the Los Angeles City Council approved a contract with Prosperity Now to help develop a Children’s Savings Account (CSA) program for the nation’s second-most populous city. The program, when fully implemented, will open a savings account for ev
Partner Spotlight: Springboard to Opportunities Goes Beyond CSAs with Report on Racialized Social Exclusion
Editor’s Note: While the 1:1 Fund newsletter often shares stories about savers at one our 16 1:1 Fund partner sites, this story focuses on related research that one of our 1:1 Fund sites, Springboard to Opportunities, has conducted with New America to better understand the systemic barriers that hinder their families’ ability to build savings for the future.
Readers of Prosperity Now’s blog may be familiar with Children’s Savings Accounts (CSAs), but it’s important to note that the field is still relatively new.
The 1:1 Fund, conceived and capitalized by Prosperity Now, makes it easy for children’s savings programs to raise matching funds from individual donors, large and small, thereby enabling these donors to match the CSA contributions of young savers.
Partners for Youth Opportunity, a 1:1 Fund partner organization in Durham, NC, released Building Financial Capability on the Road to Post-Secondary Success: A Case Study of PYO and LCCU’s Innovative Youth Employment Program.
#GivingTuesday is today. Celebrated on the Tuesday following Thanksgiving, for many organizations it marks the start of the charitable giving season that goes through the end of the year. For the last two years, #GivingTuesday has been a high-water mark for the 1:1 Fund, accounting for two of the highest days of giving in 1:1 Fund history.
At one point in American history, the phrase “as Maine goes, so goes the nation” was a common phrase in politics. The saying referred to Maine’s status as a bellwether of presidential elections at a time when Maine held its gubernatorial elections in September. The phrase has fallen out of use in more recent times and, for most Americans, Maine’s status as a largely rural state with an aging po
San Francisco’s Kindergarten to College Program Celebrates New Milestone: Half of All Public School Students Have CSA
For many in the financial empowerment and asset building fields, San Francisco’s Kindergarten to College (K2C) program has been a model Children’s Savings Account (CSA) program to watch and replicate. Established in 2011, it was the first universal, public CSA program in the country.
The 1:1 Fund Teams Up With New Social Savings App, Kidfund—Here's How That Expands College Savings for More Americans
Last year, the 1:1 Fund raised nearly $450,000, roughly a third of which came in from online donations.
On Monday, the 1:1 Fund launched its annual Back-to-School Campaign to raise savings incentives for kids and teens saving in Children’s Savings Accounts (CSAs).
Three new organizations joined the 1:1 Fund just in time for our second-to-last fundraising campaign of the year, which had a Back to School theme.
The recently-released 2017 Prosperity Now Scorecard shows several promising educational attainment trends. The national on-time high school graduation rate increased for the fifth consecutive year and now stands at 83%. Student loan default rates also declined for the third straight year.
Over the past few years, we’ve seen a lot of energy around Children’s Savings Account (CSA) programs across the country, but the New England region has been particularly active. Three New England states – Maine, Rhode Island and Connecticut – now have statewide CSA programs in place, and both Boston and the Massachusetts State Treasurer’s Office launched pilot programs last year.
By: Shira Markoff
CSAs and Early Awareness: NCAN Paper Includes College Saving Among Evolving Strategies to Promote College-Going in the Middle Grades
One of the appealing qualities of Children’s Savings Accounts (CSAs) is that they address a number of important objectives in the development of young people, including teaching good financial habits, strengthening social and emotional skills, growing savings and building college expectations.
Earlier this summer, Durham Mayor William V. Bell proclaimed June 19 as “Durham Kids Save Day" as part of a presentation at City Hall. Durham Kids Save, a 1:1 Fund partner based in Durham, NC, helps low-income children save for college by providing all incoming kindergarten students at Y.E. Smith Elementary School with a savings account and an initial deposit of $100.
By: Bahar Akman Imboden
Since its inception, 1,875 donors have powered 1:1 Fund partners' ability to achieve their mission and expand economic opportunity.