College Kids Helps St. Louis Children Achieve Their Dreams
In 2015, the City of St. Louis Treasurer’s Office launched their largest and most ambitious financial empowerment program to date: the College Kids Children’s Savings Account program. Every kindergarten student in a St. Louis Public and charter school receives a savings account from the Treasurer’s Office with a $50 deposit. Families can watch the account grow through efforts and incentives such as matched savings, attendance bonuses, and parent participation in financial education courses.
Research shows that children with less than $500 saved are three times more likely to enroll in college and four times more likely to graduate from college than children without college savings accounts.
The money for College Kids comes from residual parking revenue and charitable donations. So, if you have ever received a parking ticket, parked at a meter or in one of the city owned garages in St. Louis, you helped send a kid to college!
College Kids Mission and Vision
The City of St. Louis Treasurer’s Office provides college savings accounts to all kindergarten students enrolled in public and charter schools in the City of St. Louis. Our mission is to improve college access and postsecondary success among youth, increase assets for low-to-moderate income families living in the city, and promote the use of safe and affordable mainstream financial services and products for students and their families. We want to break generational cycles of poverty and increase economic mobility by increasing the number of households that are banked and financially literate.
Support College Kids
By partnering with United Way of Greater St. Louis, Inc. local supporters can make tax-deductible donations that will be used to encourage College Kids students saving and striving for college. You or your organization can make a tax-deductible donation either online or via mail.
If you would like to mail your College Kids donation, please make your check payable to “St. Louis College Kids via United Way of Greater St. Louis, Inc.” and send it to the following address:
United Way of Greater St. Louis
Attn: Complete Charitable Solutions
PO Box 954281
St. Louis, MO 63195-4281
If necessary, the EIN for United Way of Greater St. Louis, Inc. the 501(c)(3) fiscal sponsor, is 43-0714167.