CSAs in the News

Muskegon County CSA Program Launches

The Community Foundation of Muskegon County will create CSAs for all 2,112 kindergarten students in Muskegon County, Michigan by the end of the 2018-19 school year. Kindergartners at Twin Lake Elementary School were the first to receive their accounts during a February 22 announcement at their school. The foundation will visit all kindergarten classrooms by the end of the school year.

Community Foundation to Provide $50-Seeded CSAs for Kindergarten Students

The M&M Area Community Foundation announced the launch of the Future Fund, a CSA program for kindergarten students in Marienette and Menominee counties in Michigan. All children in the two counties enrolling in kindergarten for the 2019-20 school year will receive a $50-seeded, interest-bearing CSA that can also receive family contributions.

Madison Creates Team to Develop CSA Implementation Plan

The consulting firm Dave Grace & Associates recommended that Madison, Wisconsin implement a CSA program as early as the 2019-20 school year. The firm found that 58% of families in the Madison Metropolitan School District do not have any savings for future education expenses. Citing the report, the City Council passed a resolution on March 19 to create a staff team to develop an implementation plan for a CSA program.

St. Louis Treasurer Hosts Family Savings Night

St. Louis Treasurer Tishaura Jones, who started the College Kids CSA program, hosted a “Family Savings Night” in March for families enrolled in the program. The event featured an art contest in which students envisioned their future in drawings. First- and second-place winners received a scholarship from 1st Financial Federal Credit Union and Regions Bank. Seventy students also earned benchmark incentives for attending the event.

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