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Targeted Deposits In Pennsylvania’S Keystone Scholars Child Development Account Program, Anne Dececco, Julie Peachey, Margaret M. Clancy
Targeted Deposits In Pennsylvania’S Keystone Scholars Child Development Account Program, Anne Dececco, Julie Peachey, Margaret M. Clancy
Center for Social Development Research
In 2018, Pennsylvania became the first state to legislate a statewide, automatic CDA for all children at birth. In 2021, Pennsylvania achieved another first: an automatic targeted deposit within the Keystone Scholars program to build wealth for financially vulnerable children.
This brief examines two new targeted policy initiatives being piloted for Pennsylvania mothers who participate in WIC, the Special Supplemental Nutrition Program for Women, Infants, and Children. The Bright Future Booster and Milestone pilots represent important steps in expanding the Keystone Scholars program and serving as models for other states. Pennsylvania Treasury and the PA 529 make this CDA policy …