ScholarShare Announces Winners of Reading Makes Cent$ Summer Reading Program
35 Winners Selected Across California
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 10/29/13 -- , California's 529 plan, today announced the 35 winners of its Reading Makes Cent$ Summer Reading Program. The parents or guardians of each selected winner will receive $529 to invest in a ScholarShare account.
"When children read over the summer break, they improve their learning skills," said State Treasurer Bill Lockyer, who serves as chairman of the ScholarShare Investment Board. "If we can get kids to enjoy reading outside the classroom, we can help them develop positive study habits that will help them get into college and succeed when they get there."
This marks the second year ScholarShare has partnered with California public libraries to conduct the Summer Reading Program. After reading a book, parents of children in pre-K through the 8th grade submitted an entry form at their local public library or online. ScholarShare received more than 8,000 entries from across California. Winners were selected at random.
As a part of the partnership, if the winning entry form was submitted at a local public library, the library also will receive a check for $529.
The list of winners is attached.
ScholarShare accounts may be opened with as little as $25 per investment portfolio. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum account balance. Established in 1999, ScholarShare currently holds more than $5 billion in assets in more than 245,000 accounts as of 6/30/13. To sign up for an account or for more information about the plan, visit . For information about the ScholarShare Investment Board (SIB), visit . Like ScholarShare on Facebook at and follow us on Twitter at .
Named for the section of the IRS code under which they were created, 529 plans offer valuable tax advantages. Contributions are made with money that has already been taxed. Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Program Manager.
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Datum: 29.10.2013 - 10:00 Uhr
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News-ID 1277145
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