ScholarShare Announces 40 Winners in Think Big! Save for College! Summer Reading Promotion

Winners and Libraries Each Get $529 Award

SACRAMENTO, CA--(Marketwire - Oct 1, 2012) - ScholarShare, California's 529 college savings plan, today announced the 40 winners of its Think Big! Save for College! Summer Reading Program promotion. The parents or guardians of each selected winner will receive $529 to invest in a ScholarShare account.

"It's important to continue the summer reading tradition for our children," said State Treasurer Bill Lockyer, who serves as chairman of the ScholarShare Investment Board. "The more we can get kids to enjoy reading, the more successful they will be in school and life."

ScholarShare partnered with California public libraries to conduct the annual Summer Reading Program promotion. Pre-schoolers through 8th-grade students were eligible to participate. After reading a book, their parents submitted an entry form at their local public library or online. ScholarShare received more than 3,600 entries from across California. Winners were selected at random and ranged in age from three to 14. 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.

About the ScholarShare 529 College Savings Plan:
ScholarShare accounts may be opened with as little as $25. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum contribution cap of $350,000. The program as of June 30, 2012 held more than $4.4 billion in assets. More than 310,000 accounts have been opened since ScholarShare's inception in 1999. To sign up for an account, or for more information about the plan, visit For information about the SIB, visit Like ScholarShare on Facebook at and follow us on Twitter at @ScholarShare529.

Named for the section of IRS code under which they were created, 529 plans are highly regarded for their tax-advantaged status. Earnings on investments can grow tax-deferred. Withdrawals, when used for tuition and other qualified higher education expenses, are federal and state income tax-free.

Consider the investment objectives, risks, charges and expenses before investing in the ScholarShare 529 College Savings Plan. Please visit for a Program Disclosure Booklet containing this and other information. Read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your Beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state's 529 plan.

The tax information contained in this press release is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor. Non‐qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax. Non-qualified withdrawals may also be subject to an additional 2.5% California tax on earnings.

Investments in the Program are neither insured nor guaranteed and there is the risk of investment loss.

The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.

TIAA‐CREF Tuition Financing, Inc., Program Manager.


ScholarShare Summer Reading Program Winners
Name   City   Library
Jonathan Shedd   El Dorado Hills   El Dorado Hills
Tjana Higgins   Vallejo   Fairfield
Evelyn Marsh   San Francisco   Sunset
Cody Chavez-Russ   Marysville   Yuba County
Xandei Souders   West Sacramento   West Sacramento
Oscar Galvin   Sacramento   Belle Coolledge Library
Nicole Lopez   El Cerritos   Richmond Public
Alexandra Soo   San Francisco   Sunset
Kayla Kira Davis   Oakland   San Leandro
Alfred Lam   Fremont   Alameda County, Fremont Main
Hannah Walker   Menlo Park   Menlo Park
Hayden Steel   Modesto   Stanislaus
Ethan Xie   Mountain View   Mountain View
Sonia Brar   Fresno   Fig Garden
Daisy Soto   San Miguel   San Miguel Library
Ariel Hernandez   Fresno   Fresno
David Silver   Hesperia   Hesperia Branch
Hannah Kinsfather   Baron   Kern County
Naomi Buchmiller   Santa Barbara   Santa Barbara, Carpinteria
Sydney Redmond   Granada hills   LAPL Granada Hills
Christian Ortega   Pasadena   Hastings
Nhan Nguyen   Alhambra   Alhambra civic center
Gabrielle Lopez   Woodland Hills   LAPL Platt Library
Julian Lujan   Covina   Covina
Mark Ebalobor   Long Beach   Bixby Knolls
Mateo Hashimoto   Los Angeles   Los Altos, Long Beach
Ishani Portillo   Bellflower   El Dorado
Brandon Umemoto   Torrance   Walteria, Torrance
Cooper Zyett   Glendora   Glendora
Ebony Barragan   Commerce   City of Commerce
Sofia Riolas   Upland   Upland
Daisy Rios   Bloomington   Bloomington Library
Adrian Ramirez   Fullerton   La Habra
Janae Wu   Anaheim   Garden Grove
Murphy Larson   Los Alamitos   Los Alamitos - Rossmoor
Kelsey Lee   Murrieta   Mission Trail
Marcos Mejia   Norco   Norco
Connor Teeter   San Diego   4S Ranch
Ivy Tran   San Diego   Point Loma
Leslie Martinez   San Diego   Logan Heights