SACRAMENTO, CA--(Marketwired - Sep 24, 2014) - ScholarShare, California's 529 college savings plan, today announced the 36 winners of its Fizz, Boom, Save for College Summer Reading Promotion. The parents or guardians of each randomly selected student winner were awarded a $500 prize to use toward a new or existing ScholarShare account.
"Reading during the summer months prevents summer learning loss and improves literacy and academic performance," said State Treasurer Bill Lockyer, who chairs the ScholarShare Investment Board, which administers ScholarShare. "The goal of our promotion is to foster a love for reading and encourage lifelong learning."
This is the third year ScholarShare has partnered with California public libraries to promote summer reading. To be eligible, kids in the 8th grade or younger had to read at least one book over the summer, and their parents had to submit an entry form at their local public library or online. ScholarShare received more than 3,200 entries from across California, and the 36 winners were selected at random.
As part of the partnership, each winner's participating public library or its designee also will receive a prize of $500.
The complete 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 account balance. Established in 1999, ScholarShare currently holds more than $6 billion in assets in more than 255,200 accounts as of 8/22/14. To sign up for an account or for more information about the plan, visit www.scholarshare.com. For information about the ScholarShare Investment Board (SIB), visit www.treasurer.ca.gov/scholarshare. Like ScholarShare on Facebook at www.facebook.com/scholarshare529 and follow us on Twitter at @ScholarShare529.
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 Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.
Consider the investment objectives, risks, charges and expenses before investing in the ScholarShare 529 College Savings Plan. Please visit www.scholarshare.com 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 herein 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., Plan Manager.
ScholarShare Fizz, Boom, Save for College Summer Reading Promotion Winners
Name | City | Library | ||
Gwendalyn Rodriquez | Bakersfield | Beale Memorial Library | ||
Lauren Chirgwin | Buellton | Solvang Library | ||
Jimmie Thompson | Ceres | Ceres Library | ||
Elliot Major | Chino Hills | James S. Thalman Chino Hills Branch Library | ||
Brianna Bouknight | Citrus Heights | Sylvan Oaks Library | ||
Chloe Wong | Cupertino | Cupertino Library | ||
Maisie Raffuse | Davis | Mary L. Stephens Davis Branch Library | ||
Jaydon Tam | El Cajon | Alpine Branch Library | ||
Nikhil Nandakumar | Folsom | Folsom Public Library - Georgia Murray Building | ||
Nevaeh Rold | Galt | Marian O. Lawrence Galt Library | ||
Jackson Robets | Indio | La Quinta Public Library | ||
Emma Walschlager | Livermore | Livermore Public Library - Civic Center | ||
Jackson Howell | Long Beach | El Dorado Neighborhood Library | ||
Miontranese Green | Long Beach | Mark Twain Neighborhood Library | ||
Andrew Robles | Los Angeles | Vernon Public Library | ||
Sydney Moreno | Menifee | Sun City Branch Library | ||
Travis Elegado | Monrovia | Monrovia Public Library | ||
Aaron Huerta | Norwalk | Mark Twain Public Library | ||
Jaeson Daniel-Kim | Oakland | Oakland Public Library | ||
Joel Aaron Charania | Orange | Stanton Public | ||
Audrey Kolar | Redwood City | Redwood City Public Library | ||
Maya Hwang | Reseda | West Valley Regional Library | ||
Joyce Wall | Ripon | Ripon Branch Library | ||
Kyra Christensen | Riverside | Woodcrest Community Library | ||
Brogan Volmer | Rocklin | Rocklin Library - Placer County | ||
Cole Wood | San Anselmo | Fairfax Library | ||
Erick Girouard, Jr. | San Diego | Clairemont Branch Library | ||
Wiliiam Yu | San Francisco | Richmond Public Library | ||
Tyler Lee | San Francisco | Ortega Branch Library | ||
Andrew Quock | San Gabriel | South Pasadena Public Library | ||
Calleigh Lee | San Jose | Santa Teresa Branch Library | ||
Ella Hahn | Santa Ana | Tustin Library | ||
Ava Boloori | Santa Clarita | Old Town Newhall Library | ||
Samantha Feig | Simi Valley | Simi Valley Library | ||
Kimberly Crist | Torrance | Katy Geissert Civic Center Library |