For his efforts, El Dorado Hills third-grader Jonathan Shedd received a $529 check towards the cost of his future college education. ScholarShare also matched the winning contribution and provided the El Dorado Hills Library with an additional $529 check to invest towards reading programs.
“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 eighth-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 3 to 14. If the winning entry form was submitted at a local public library, the library also will receive a check for $529.
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 scholarshare.com. For information about the SIB visit treasurer.ca.gov/scholarshare. Like ScholarShare on Facebook at facebook.com/scholarshare529 and follow us on Twitter at @ScholarShare529.