SOURCE: ScholarShare

ScholarShare

September 24, 2014 11:00 ET

ScholarShare Announces Winners of Fizz, Boom, Save for College Summer Reading Promotion

36 Winners Selected Across California

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 Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.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