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.
Last week, I attended the Federal Reserve Bank’s Strong Foundations: The Economic Futures of Kids and Communities conference.
By: Shira Markoff
As CFED has written about before, Gift of College, a national gift registry for 529 college savings plans and student loan accounts, launched the sale of plastic gift cards at Toys "R" Us and Babies "R" Us stores nationwide in an effort to increase uptake in 529 college sa
Washington, D.C. – The Nevada Treasurer’s Office, Gift of College and the 1:1 Fund today announced a new marketing partnership to encourage more Nevada parents to open a personal 529 account and link it with their child’s Nevada College Kick Start account.
Cities have been a hub of Children’s Savings Account (CSA) innovation, starting with San Francisco’s launch of the first universal, municipal CSA program, Kindergarten to College, which inspired the creation of many other
By: Kamolika Das
We have recently observed an uptick in news stories and legislation about Education Savings Accounts (ESAs), which are individual flexible use accounts funded by states for families’ private educational expenses. ESA legislation has been adopted in five states since 2011.
By: Shira Markoff
Supporters of Children’s Savings Accounts (CSAs) often point to the fact that CSAs increase economic opportunity. CSAs are designed to ensure that all families, especially those in low- and moderate-income communities, have at least a modest wealth endowment to pay for postsecondary education.
We couldn't think of a more exciting way to start 2014 than to have our new website recognized by The Nonprofit Times as "outstanding."
By: Kristin Lawton
A couple of weeks ago, WNET’s Need to Know feature on the Mississippi College Savings Account Program, one of two 1:1 Fund pilot sites, aired nationally on PBS. Recently, we spoke with Ernestine Bilbrew, VP of Program Development for the Mississippi Community Financial Access Coalition (MCFAC), to hear how the Need to Know segment impacted her and the MS College Savings Account Program.
By: Michael Chasnow