Charles Schwab Bank has made a $10,000 matching grant donation to the Nevada College Kick Start Program through the 1:1 Fund, which allows donors to make contributions to children’s savings programs. Donations, including Schwab Bank’s gift, will be used to provide $50 matching grants to families from schools serving low-income communities. The grant from Schwab Bank will enable Nevada’s College Kick Start Program to match the contributions of 200 families when they open their own separate college savings account for their children.
Through the month of April, College Kick Start and the 1:1 Fund are running a campaign to raise a total of $20,000, encouraging donors to contribute $10,000 in addition to Schwab Bank’s matching grant so that at least 400 low-income families in Nevada can take advantage of this opportunity.
“We are proud to be part of such a terrific program and hope others will join us. For Schwab Bank, helping families take the first step toward college savings is a smart investment in our communities and our future. This innovative program created by the College Kick Start Program and the 1:1 Fund shows true leadership and a recognition of the importance and power of education for Nevada’s kids,” said Paul Woolway, president, Charles Schwab Bank.
Businesses and individuals can make a tax-deductible contribution to this effort to help low-income Nevada families save for college at https://1to1fund.org/match/partners/nevada, or reach out directly to the Nevada State Treasurer’s Office at (702) 486-6980 or firstname.lastname@example.org.Having a college savings account drives results “Research has shown us that children who know they have a college savings account in their name are much more likely to attend an institution of higher learning,” said Nevada State Treasurer Kate Marshall, whose office oversees the Nevada College Kick Start Program. “It's important to note that studies have found that even a small account improves a child's determination and preparedness for college and higher education, regardless of family income, ethnicity, or the educational attainment of the child's parents.”