Jump to: Program Examples | Program Design | Best Practices | Budgeting & Fundraising | Sample Program Materials
CSA programs use a variety of program models to meet the unique needs of each state, city or community. Here are a few examples of CSA programs:
- Kindergarten to College (San Francisco, CA) – The City & County of San Francisco automatically opens a CSA with an initial $50 deposit for every kindergarten student, plus an additional $50 for children eligible for free or reduced-price lunch. Families receive a dollar-for-dollar match up to the first $100 deposited and a $100 bonus for saving steadily for six months in a row.
- Promise Indiana – Promise Indiana is a coalition of community-led CSA programs across Indiana. Each community secures a local sponsor to seed children’s accounts with $25. Children are also encouraged to cultivate champions—such as relatives or friends—to support their savings. Promise Indiana then leverages community dollars to match the funds raised by participants.
- Harold Alfond College Challenge (Maine) – The Alfond Scholarship Foundation, working closely with the Finance Authority of Maine, automatically invests $500 in a 529 college savings account on behalf of every baby born a Maine resident. Families are also encouraged to open their own 529 account to make deposits and take advantage of Maine’s Next Step matching grant.
- “I Have a Dream” Foundation (multiple locations) – Students earn contributions to their CSAs by completing specific milestones on the path “to and through” college. Students work on literacy skills, college preparation, career readiness, writing skills and other activities linked to college access and completion.
An interactive guide that walks readers through all the key steps for designing and launching a successful CSA program. (Prosperity Now)
This brief distills the key design questions and considerations in creating a CSA program that are outlined in much more detail in Investing in Dreams (Prosperity Now).
Joint federal agency guidance for financial institutions that addresses frequently asked questions about rules and regulations pertaining to accounts for children and youth. (FDIC, The Federal Reserve Bank, NCUA and OCC)
A compendium of information about 529 plans and tax rules in each state that is helpful for exploring 529 account options. (Saving for College)
Best practices for engaging families from the Inversant program. (Inversant)
Budgeting & Fundraising
An online platform that helps CSA programs raise funds from individual donors. (Prosperity Now)
An interactive tool that helps users put together an overall budget for their CSA program, including estimating program delivery costs and savings incentives for a one to five year period. (Prosperity Now)
Sample Program Materials
Includes information for families on how Maine's Harold Alfond College Challenge program works, along with eligibility rules and FAQs. (Alfond Scholarship Foundation)
A sample of the quarterly account summaries sent to participants in Maine's Harold Alfond College Challenge. (Alfond Scholarship Foundation)
Responses to frequently asked questions by families and participants in the Mississippi College Savings Program. (Mississippi Community Financial Access Coalition)