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 8^th 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 Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.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