The Portland Foundation is the second oldest community foundation in Indiana, and is located in rural East Central Indiana. It acted on its commitment to taking the long-term view and invested in supporting Children Savings Accounts in the ways that smaller and rural communities can. Through the initiative, called Promise Indiana, they granted $25,000 to fund college savings accounts for 1,000 children in kindergarten through third grade.
The goal of Jay County Promise is to increase the number of Jay County students pursuing post-secondary education through the creation of 529 college saving accounts. Statistics show that if a student has up to $499 in a college savings account, they are three times more likely to attend post-secondary education and are four times more likely to graduate.
Review this case study to learn about a new model for Children’s Savings Accounts.