California Student Aid Commission Votes to Award $4.6M Grant to Pilot Child Savings Account Program for Stockton Children
San Joaquin A+ awarded the grant in collaboration with the Stockton Children's Cabinet, Local Early Childhood Education Providers, and Stockton Area School Districts. Stockton, CA [January 25, 2021] – The California Student Aid Commission (CSAC) voted to finalize an award for a $4.6 million grant to local non-profit San Joaquin A+ late last week for a pilot program of their Child Savings Account Grant Program in Stockton. The Child Savings Account Grant Program (CSA Grant Program) was enacted in the 2019-20 State Budget to support local governments and nonprofit organizations to sponsor or collaborate on comprehensive citywide or regional child savings account programs. The $4.6M grant from CSAC was the largest of its kind in the State and was three times larger than any other grant awarded (the full list of preliminary grants, which were announced in December and approved January 21, is available here). The grant will support the launch of a city-wide pilot program in fall of 2021. “We are extremely grateful to the California Student Aid Commission Members for this grant, and for their decision to invest in the children of Stockton,” said Don Shalvey, CEO of lead grantee San Joaquin A+. “We also want to thank the civic leaders from across San Joaquin County who came together to make this application a success. We know how impactful this grant award and [...]