SOURCE: ScholarShare

ScholarShare

September 10, 2015 11:00 ET

ScholarShare Announces Winners of the Read to the Rhythm Summer Reading Promotion

40 Winners Selected Across California to Receive $500 Toward a ScholarShare College Savings Plan

SACRAMENTO, CA--(Marketwired - Sep 10, 2015) -  ScholarShare, California's 529 college savings plan, today announced the 40 winners of its "Read to the Rhythm" 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 college savings account.

"The goal of the summer reading promotion is to foster an enthusiasm for reading and encourage lifelong learning," said Treasurer Chiang. "Reading during the summer months can help students retain the material they learned the previous school year and improve their future academic performance." 

This is the fourth year ScholarShare has partnered with California public libraries to promote summer reading. To be eligible, students in the 8th grade or below had to read at least one book over the summer, and their parents or guardians had to submit an entry form online or at their local public library. ScholarShare received nearly 7,000 entries from students across California, and the 40 winners were selected at random.

In addition to each winner receiving $500 toward a ScholarShare college savings account, each winner's participating public library or its designee will also 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 nearly $6.3 billion in assets in more than 266,000 accounts as of 8/28/15. 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 Once funds are placed in the account, investment earnings, if any, are not federally or state taxed, if withdrawn to pay for qualified higher education costs.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 Read to the Rhythm Summer Reading Promotion Winners

Name   CITY   LIBRARY
Shannon Schlicht   Aliso Viejo   Aliso Viejo Library
Ma-Barbara Flores   Anaheim   Haskett Branch Library
Karol Blizzard   Atascadero   Atascadero Public Library
Lourdes Maravilla   Bell Gardens   Cudahy Library
Marie Dominguez   Chowchilla   Chowchilla Branch Library
Minh Nguyen   Costa Mesa   El Toro Library
Binh Tu   El Monte   El Monte Library
Guillermo Mendez   Exeter   Exeter Library
Marlene Escover   Fairfield   Fairfield Cordelia Library
Alexandra Almonte   Fontana   Glen Avon Library
Duraivelu Dhanapal   Fremont   Fremont Main Library
Nicole Nanez   Fresno   Politi Branch Library
Stephanie Rose   Goleta   Goleta Library
Alejandra Aranda   Hemet   Hemet Public Library
Nisha Gandhi   Hercules   Hercules Library
Melissa Salazar   Lincoln   Lincoln Public Library
Joy Holder-Tate   Long Beach   Angelo M. Iacoboni Library
Adenike Omolola   Los Angeles   Hyde Park Miriam Matthews Branch Library
Jane Shen   Los Angeles   John C. Fremont Branch Library
Debbie Morales   Los Angeles   Westchester Loyola Village Branch Library
Bharathi Meka   Mountain House   Cesar Chavez Central Library
Amalia Hernandez   National City   National City Public Library
Maria Erazo   Newhall   Old Town Newhall Library
Vania Shami   Northridge   Porter Ranch Branch Library
Estela Trejo   Orange   Anaheim Central Library
Emi Bevacqua   Orinda   Orinda Library
Kristy Freed   Porterville   Porterville Public Library
Julieta Guzman   Riverside   Casa Blanca Library
Steven Ogden   Roseville   Martha Riley Community Library
Vikas Yadlapalli   San Diego   4S Ranch Branch Library
Yvette Blease-Moore   San Diego   Tierrasanta Branch Library
Maya Galvez   San Francisco   Visitacion Valley Branch Library
Kathryn Azevedo   San Jose   Los Gatos Public Library
Karin Lopez   San Pedro   San Pedro Regional Library
Michelle Williams   Santa Clarita   Valencia Public Library
Nithya Chandrakesan   Sunnyvale   Sunnyvale Public Library
Caroline Gunawan-Ho   Temecula   Grace Mellman Community Library
Adelaida Torres   Ukiah   Mendocino County Library
Joe Anderson   Upland   Claremont Library
Angelina Brewer   West Sacramento   Arthur F. Turner Community Library