Child Savings Account Grant Program

Overview

Child Savings Account (CSA) Grant Program


UPDATED: October 19, 2020
  • The CSA Grant Program Request for Applications is now open. Please scroll down to view the application files. Deadline to submit application is November 20, 2020 at 3:00 P.M. PST.
  • Recording of the Technical Assistance Webinar and PowerPoint presentation slides are now available. Please click on the links to view content: video and PowerPoint presentation.
  • Questions about the CSA Grant Program and Request for Applications must be submitted to csa@csac.ca.gov by October 23, 2020 at 3:00 P.M. PST. Responses will be posted on this webpage on October 30th, 2020.

The Child Savings Account Grant Program (CSA Grant Program) was enacted in the 2019-20 State Budget (Education Code Sections 70115-70115.2, added by Stats. 2019, Ch. 53, Sec. 18) to support local governments and nonprofit organizations that sponsor or collaborate on one or more comprehensive citywide or regional child savings account programs.

The Budget Act of 2020 appropriates ten million dollars ($10,000,000) in one-time General Fund dollars to the CSA Grant Program. The amount of each grant award shall be at a minimum, one hundred thousand dollars ($100,000).  Of the ten million dollars ($10,000,000):

  • Up to 74 percent or seven million four hundred thousand dollars ($7,400,000) of the funding shall be used to initiate new local child savings account programs.
  • A minimum of 24 percent or two million four hundred thousand dollars ($2,400,000) of the funding shall be used to expand existing local child savings account programs.
  • Two percent or two hundred thousand dollars ($200,000) shall be used by the Commission to provide outreach and administration of the program, and to provide technical assistance to applicants.

Who can apply?

  • New Programs – CSA programs that are in planning or under discussion, and do not have children enrolled in the program with open accounts at the time of the application submission.
  • Existing Programs – CSA programs that are in operation and have children enrolled in the program with open accounts at the time of the application submission.

Request for Applications (RFA)

All completed applications must be submitted to csa@csac.ca.gov by November 20, 2020 by 3:00 PM PST. Due to COVID-19, the Commission will not accept physical applications.

  1. CSA Form A
  2. CSA Form B
  3. CSA Form C
  4. CSA Forms D-G
  5. Application Checklist
  6. Scoring Rubrics

Technical Assistance Webinar (October 16, 2020)

  • CSAC hosted a Technical Assistance Webinar on October 16, 2020 via ZOOM for potential applicants to learn about the CSA Grant Program, walk through the application components, and ask questions. 
  • CSAC currently does not anticipate on hosting another Technical Assistance Webinar. 
  • The webinar can be viewed here.
  • The PowerPoint Presentation can be viewed here.

Questions to CSAC (due October 23, 2020 at 3:00 P.M. PST)

  • Questions about the CSA Grant Program and Request for Applications must be submitted to csa@csac.ca.gov by October 23, 2020 at 3:00 P.M. PST. 
  • Responses will be posted on this webpage on October 30th, 2020. CSAC will send notice (through the CSA mailing list) when the responses are available.

Child Savings Account Resources

CSA Coalition Roster

  • The California CSA Coalition is made up of CSA providers and stakeholders from all over the state who work together to develop the CSA network and programs. Click to view CSA Coalition Roster

CSA Starter Kit from Prosperity Now

ScholarShare 529 Children’s Savings Account Platform

  • California’s state-sponsored 529 college savings plan, ScholarShare 529, offers a Children’s Savings Account (CSA) record-keeping platform designed to support non-profit organizations, local governments, and school districts interested in establishing a CSA program of their own. For more information about starting a new CSA program, ScholarShare 529’s CSA platform, and the benefits of using ScholarShare 529, visit  https://www.scholarshare529.com/plan/CSA.shtml

Publications from the Brown School Center for Social Development at Washington University in St. Louis.