Programs

Jump to: Program Examples | Program Design | Best Practices | Budgeting & Fundraising | Sample Program Materials

Program Examples

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.

Program Design

Investing in Dreams: A Blueprint for Designing Children's Savings Account Programs

Investing in Dreams: A Blueprint for Designing Children's Savings Account Programs

An interactive guide that walks readers through all the key steps for designing and launching a successful CSA program. (Prosperity Now)

Designing a Children's Savings Account Program -- Key Considerations

Designing a Children's Savings Account Program -- Key Considerations

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).

Federal Guidance on Youth Savings

Federal Guidance on Youth Savings

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)

Saving for College

Saving for College

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

Building a CSA Program that Empowers Families to Invest in Higher Education

Building a CSA Program that Empowers Families to Invest in Higher Education

Best practices for engaging families from the Inversant program. (Inversant)


Budgeting & Fundraising

1:1 Fund

1:1 Fund

An online platform that helps CSA programs raise funds from individual donors. (Prosperity Now)

CSA Budget Calculator

CSA Budget Calculator

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

Harold Alfond College Challenge Website

Harold Alfond College Challenge Website

Includes information for families on how Maine's Harold Alfond College Challenge program works, along with eligibility rules and FAQs. (Alfond Scholarship Foundation)

Sample Quarterly Statement to Alfond College Challenge Participants

Sample Quarterly Statement to Alfond College Challenge Participants

A sample of the quarterly account summaries sent to participants in Maine's Harold Alfond College Challenge. (Alfond Scholarship Foundation)

Mississippi College Savings Account Program - Frequently Asked Questions

Mississippi College Savings Account Program - Frequently Asked Questions

Responses to frequently asked questions by families and participants in the Mississippi College Savings Program. (Mississippi Community Financial Access Coalition)

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